WorthPoint to buy GoAntiques

Atlanta-based WorthPoint, a social networking site for researching the worth of antiques and collectibles, has signed a letter of intent to buy Ohio-based GoAntiques, founded in 1994. eBay's decision to close its Live Auctions platform helped drive the sale. GoAntiques was a major user of the eBay's live-auction platform.

GoAntiques plans on launching its own auction site this month. The site has 350,000 registered users; WorthPoint reports over 50,000 registered users.