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Short Take: TradeOut.com partners with GE Capital

TradeOut.com today said it entered into a strategic partnership with GE Capital to sell its off-lease business products. GE Capital invested $15 million in the company for an undisclosed stake. TradeOut, based in Arsley, New York, operates an online marketplace specializing in the sale of excess inventory. Through today's deal, TradeOut will optimize its site capabilities to handle GE's type of assets and transactions. The agreement follows a partnership with Yahoo earlier this week. TradeOut will make its listings available through Yahoo's new business-to-business portal.

TradeOut.com today said it entered into a strategic partnership with GE Capital to sell its off-lease business products. GE Capital invested $15 million in the company for an undisclosed stake. TradeOut, based in Arsley, New York, operates an online marketplace specializing in the sale of excess inventory. Through today's deal, TradeOut will optimize its site capabilities to handle GE's type of assets and transactions. The agreement follows a partnership with Yahoo earlier this week. TradeOut will make its listings available through Yahoo's new business-to-business portal.