Home » Uncategorized » Mexican Court Tells Yahoo to Pay Up $2.7 Billion

Mexican Court Tells Yahoo to Pay Up $2.7 Billion

Your ads will be inserted here by

Easy Plugin for AdSense.

Please go to the plugin admin page to
Paste your ad code OR
Suppress this ad slot.


This morning, Yahoo! Inc. reported that “the 49th Civil Court of the Federal District of Mexico City has entered a non-final judgment of U.S. $2.7 billion against Yahoo! Inc.” Furthermore, the lawsuit was filed by Worldwide Directories S.A. de C.V. and Ideas Interactivas, S.A. de C.V against the internet giant.

The plaintiffs claim that Yahoo breached contract, breached promise, and caused a loss of profits from contracts related to a yellow pages listings service. Due to the fact that this case is not finished yet, we are unsure if $2.7 billion is the final number. However, with the recent trouble surrounding Yahoo, a $2.7 billion court order is the last thing that the Sunnyvale internet giant needs.

Remember when Samsung was ordered to pay Apple $1 billion for their damages? Clearly, this magnitude of a court order is not unheard of.

In the month of November, Yahoo’s stock price had been on the rise (up 12%). This is mostly due to the fact that Yahoo reported quarterly profits above $3 billion. After this news hit, the stock went down 2%.

Is it finally the end of the road for Yahoo with surrounding controversy and constant failure? Or is this just another bump in the road they will eventually overcome?

[ Source ]

About Matthew Sabatini

Check Also


Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.


Amazon Appstore for Android Holiday Deals, Including Free Apps

There are tons of deals from the Amazon Appstore that will be offered starting now and throughout the holiday shopping season. They say that they will have "hundreds of titles that are eitehr free... or available between 50-90% off" the regular price.


Black Friday: Google Play Store Apps, Games and Content on Sale All Weekend

Case in point, if you head over to the Google Play Store right now, you'll find that Google is celebrating all Cyber Weekend with discounts on all sorts of content. This includes many popular apps and games


Black Friday Deal: Samsung Galaxy Tab 3 10.1-Inch for $100 Off

Your ads will be inserted here byEasy Plugin for AdSense.Please go to the plugin admin ...


Arduino Co-Creator Releases Plans for $200 DIY Mobile Phone

Mellis was one of the people who came up with the now hugely popular Arduino platform and now he has come up with plans for people to build their own cell phone for about $200 in parts.


No Discounts for Apple Black Friday, Just Free Gift Cards

If you were hoping to save yourself some cash as you brave the Black Friday shopping crowds, you'll want to go somewhere other than the official Apple Stores.