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Yahoo "Loses" $2.7B In Mysterious Mexican Yellow Pages Lawsuit
An anonymous reader writes "CNN reports that a Mexico City court has ordered Yahoo to pay $2.7 billion to Worldwide Directories and Ideas Interactivas. The classified directory publisher sued Yahoo, claiming various losses and breaches involving 'contracts related to a yellow pages listings service.' Yahoo announced its intention to appeal but is saying little else about the case."
http://investor.yahoo.net/releasedetail.cfm?ReleaseID=724306/
I want a list of atrocities done in your name - Recoil
Yahoo is more than just a search engine.
"Never try to tell everything you know. It may take too short a time."
https://en.wikipedia.org/wiki/Yahoo!_Japan
http://www.yahoo.co.jp/
Yahoo is actually really big over there. eBay exists, but may as well not: Yahoo! Auctions is overwhelmingly dominant in online auctions. Yahoo! Shopping takes the role of Amazon.com. (Amazon itself has a presence also, and it isn't too shabby.) And Yahoo! Japan is also a broadband provider with a lot of mindshare.
They've diversified. Wisely so.
Have you ever seen how much yellow pages charges each of the companies to be listed in it? It's not craigslist.. those listing can be expensive.
Earlier this year, ATT sold part of it's Yellow Pages operation for close to a billion dollars. The division is valued at $3.9billion:
http://money.msn.com/top-stocks/post.aspx?post=ec6803ce-4128-42be-bc43-eb1534853efd
Look at the chart on this page:
http://www.businessweek.com/articles/2012-03-22/the-golden-allure-of-the-yellow-pages
revenue:
att: 3.3 billion
dex: 1.5b
supermedia: 1.6b
yell group: 1.5b
share of TOTAL US ad spending: ~8%