Report: eBay to end Live Auctions business

As part of restructuring efforts, company plans to retire service enabling members to participate in real-world bidding, according to a Reuters article.

eBay said Tuesday it will shut down its Live Auctions business at the end of the year as part of restructuring efforts, according to a Reuters report.

The company's little-known service enables members to participate remotely in real-world auctions, whether in a physical place or online. Reuters cited the comments of a company executive who posted them on eBay's announcement board: "Maintaining and improving this platform falls outside our immediate focus, and will, therefore, be retired at the end of the year."

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