slipped amid news that the company isn't in talks to buy
, a business-to-consumer auction company owned by
eBay was recently down 9%, or $3.13, to $31.63 in trading on the
, the San Jose, Calif., online auctioneer was interested in buying uBid, whose chief executive, Greg Jones, reportedly met with eBay representatives and shareholder
quoted an eBay source who said the company hadn't been in any discussions to acquire uBid.
uBid, which is based in Chicago, runs an online auction site for refurbished and closeout merchandise, mainly for computers and consumer electronic products. The company reportedly plans to launch a consumer-to-consumer auction site next week to compete with eBay.