Yahoo Japan Corp and eBay will link their online auction services, allowing members of each service to bid for items listed on either site, according to Thomson Financial (via COMTEX). The news outlet said the Nikkei reported the deal, to be announced this week.

Shortly after, Reuters reported that the companies will launch a Japanese-language site on which Yahoo Japan users can bid for eBay items, and said the announcement of the new site, called Sekaimon or "Gateway to the world," will take place during a news conference at 11 a.m. (0200 GMT) in Tokyo, presumably on December 3rd (http://tinyurl.com/yway45).

eBay had been trounced in Japan by Yahoo and exited the market in 2002. eBay had some success in China before getting beat up by homegrown Taobao, owned by Alibaba, in which Yahoo has a major stake. Alibaba also owns Yahoo China.

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