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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."

3 of 85 comments (clear)

  1. Easiest explanation by Hans+Adler · · Score: 5, Interesting

    Someone just sufficiently far removed from the judge made a bet on Yahoo's shares falling just about this time.

  2. Interesting figure by Kergan · · Score: 4, Interesting

    Isn't 2.7Bn larger than the combined market value of every yellow pages business in the world combined? Might anyone know how the Judge came up with a figure this large?

  3. question by shentino · · Score: 3, Interesting

    Are they sure that's dollars and not pesos?