Upstart online auctioneer Bid.com plans to head overseas in its effort
to capture a sizeable share of the Internet auction market. The company
also looking to establish an interactive Internet shopping network.
Jeff Lymburner, Bid.com’s president, said Thursday the Tampa, Fla.-based
company will establish a European headquarters in Dublin, Ireland.
“That could easily extend to such far-flung places as Australia,” he said.
Lymburner said Bid.com is also partnering with American Interactive Media
to launch an online shopping network that will be styled after TV shopping
channels.
“We’re talking about fully interactive television utilizing our auction
infrastructure,” he said.
While the online auction business will continue to be a core focus,
Lymburner said several other parts of the business are growing as fast as
auctions. He said licensing deals with other sites have been successful and
are financially attractive since their margins are higher.
