was down 11.2% in midmorning after a source told
the online auctioneer is not in talks to buy
, a business to consumer auction company owned by
reported the possible acquisition this weekend but Reuters said there have been no discussions. Meanwhile, reports in Korea said eBay will pay $264 million for a controlling stake in that country's largest Internet auction company. Internet stocks were broadly lower. CMGI was down 4.6%.
was down 3.9%.
was down 2.3%.
TheStreet.com Internet Index
was down 4.4%.