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Yahoo "Loses" $2.7B In Mysterious Mexican Yellow Pages Lawsuit

Posted by Unknown on from the send-the-a-team dept.

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."

2 of 85 comments (clear)

  1. Re:Yahoo's take by afaik_ianal · · Score: 5, Informative

    http://investor.yahoo.net/releasedetail.cfm?ReleaseID=724306 will work better (without the trailing slash).

  2. Re:Interesting figure by rgbrenner · · Score: 5, Informative

    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%