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

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

Posted by Unknown on Monday December 3, 2012 @11:16PM 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."

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Re:Yahoo's take by afaik_ianal · 2012-12-03 23:26 · Score: 5, Informative

http://investor.yahoo.net/releasedetail.cfm?ReleaseID=724306 will work better (without the trailing slash).
classified directory? by aneroid · 2012-12-04 00:05 · Score: 3, Funny

"classified directory" vs "classifieds directory"
Easiest explanation by Hans+Adler · 2012-12-04 00:11 · Score: 5, Interesting

Someone just sufficiently far removed from the judge made a bet on Yahoo's shares falling just about this time.
Interesting figure by Kergan · 2012-12-04 00:16 · 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?
1. Re:Interesting figure by Anonymous Coward · 2012-12-04 00:34 · Score: 3, Insightful
  
  The judge is probably related to the plaintiff. :)
  They probably see it like winning the lottery. cha-ching!! profit!!
2. Re:Interesting figure by Iamthecheese · 2012-12-04 01:08 · Score: 3, Insightful
  
  I have some idea.
  
  --
  If video games influenced behavior the Pac Man generation would be eating pills and running away from their problems.
3. Re:Interesting figure by rgbrenner · 2012-12-04 01:33 · 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%
Re:Well? by Anonymous Coward · 2012-12-04 00:48 · Score: 5, Funny

Well they pay people to post on anonymous internet forums about how they're more than just a search engine, for one.
Re:Call me a cynic... by Sulphur · 2012-12-04 01:13 · Score: 3, Funny

First the Samsung judgement, now this... its open season with litigation out there.
The information superhighway needs fences to keep the liti-gators off the road.
Re:Well? by RaceProUK · 2012-12-04 01:13 · Score: 4, Funny

Yahoo is more than just a search engine.
Like what?
An exclamation of joy.

--
No colour or religion ever stopped the bullet from a gun
Re:Does Yahoo even still exist? by Anne_Nonymous · 2012-12-04 01:32 · Score: 5, Funny

>> Yahoo is more than just a search engine.
It can also cut through these beer cans, and look, it's still sharp enough to slice these tomatoes...
question by shentino · 2012-12-04 01:39 · Score: 3, Interesting

Are they sure that's dollars and not pesos?
Statement from Yahoo CEO by Anonymous Coward · 2012-12-04 03:07 · Score: 3, Funny

"Why must we peso much?"
It's not going to happen by physlord · 2012-12-04 03:43 · Score: 3, Funny

I don't think that is the last word on the subject. Yahoo seems to be too little worried about this.

An off topic comment:
As a Mexican it's funny to read slashdoters opinions about my country. If you come here you would be surprised that there are a bunch of us with high speed internet, cars, smartphones, etc. We are not involved in shootings every day around each corner and we don't speak the same Spanish than the "mexican-americans", actually our culture is quite different. Believing in what the TV says about a country and establish prejudices based on that is simply wrong. Based on what I have seen about US citizens on the news I would assume they like to drink a lot and show their parts to strangers, they start shooting people randomly at schools, theaters or workplaces, most of them are ignorant. Do you know what makes the US different from yogurt? If you leave them both 300 years unattended, the yogurt will grow a culture.
You see?, prejudices are wrong.