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Microsoft, FairMarket No Longer Exclusive | |
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||
| Time: 18:25 EST/23:25 GMT | News Source: CNET | Posted By: Viper | ||
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Auction service provider FairMarket and Microsoft no longer have an exclusive relationship. As part of an amendment made Monday to an existing contract, Microsoft is permitted to offer auctions hosted by companies other than FairMarket. In exchange, Microsoft agreed to cancel its warrant for 4.5 million shares of FairMarket stock. Noting that the amendment made on Monday reduces potential charges for FairMarket, company Chief Financial Officer Janet Smith said the agreement was good for both companies. | ||
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