Categories: Science & Technology

Yahoo ordered to pay $2.7 billion for breaching Mexican yellow pages contract

Yahoo has been ordered to pay $2.7 billion by a Mexican court following a lawsuit stemming from allegations of breach of contract and lost profits related to a yellow pages listing service

Yahoo group has been ordered to pay $2.7 billion by a Mexican court following a lawsuit stemming from allegations of breach of contract and lost profits related to a yellow pages listing service.

Yahoo said it “believes the plaintiffs’ claims are without merit and will vigorously pursue all appeals”.

The lawsuit had been brought by Worldwide Directories SA de CV and Ideas Interactivas SA de CV.

Yahoo has been ordered to pay $2.7 billion by a Mexican court following a lawsuit stemming from allegations of breach of contract and lost profits related to a yellow pages listing service

In a statement on its website Yahoo said the 49th Civil Court of the Federal District of Mexico City had “entered a non-final judgment of US $2.7 billion against Yahoo! Inc. and Yahoo de Mexico” in the case.

Shares in Yahoo, which is based in Sunnyvale, California, fell by 1.4% in after-the-bell trading following the news.

Nancy Clayson

Nancy is a young, full of life lady who joined the team shortly after the BelleNews site started to run. She is focused on bringing up to light all the latest news from the technology industry. In her opinion the hi-tech expresses the humanity intellectual level. Nancy is an active person; she enjoys sports and delights herself in doing gardening in her spare time, as well as reading, always searching for new topics for her articles.