Yahoo! has formally put Yahoo! Auctions out of their misery, announcing that they will stop the operation on June 3rd.
This clears the decks for a deeper eBay auction integration/portal deal (and future merger IMO) down the road.
eBay market cap:$46b
YHOO market cap:$41b
Delta: 40% (eBay+Yahoo are equal to 60% the size of Google)