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December 2, 1999 12:00 PM PST

Latino eBay rival funded $12 million

Citigroup, Merrill Lynch and other groups invest $12 million in Latin American Internet auctioneer DeRemate.com to fund the start-up's quest to become the region's answer to eBay.

The story "Latino eBay rival funded $12 million" published December 2, 1999 at 12:00 PM is no longer available on CNET News.

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