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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."

7 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. 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.

  3. 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?

    1. 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%

  4. Re:Well? by Anonymous Coward · · 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.

  5. Re:Well? by RaceProUK · · 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
  6. Re:Does Yahoo even still exist? by Anne_Nonymous · · 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...