Yahoo Ordered To Pay $2.7 Billion

Dec 3, 2012 - 8:18 am 2 by
Filed Under Yahoo News

Yahoo MexicoLate last week, the news broke that Yahoo was ordered by the 49th Civil Court of the Federal District of Mexico City to pay $2.7 billion to Worldwide Directories S.A. de C.V. and Ideas Interactivas, S.A. de C.V.

This is over a breach of contract suit, where these yellow page companies sued Yahoo.

Yahoo said in a statement:

Yahoo! believes the plaintiffs' claims are without merit and will vigorously pursue all appeals. The plaintiffs alleged claims of breach of contract, breach of promise, and lost profits arising from contracts related to a yellow pages listings service.

To put this in perspective, Yahoo earned about $1.2 billion in revenues the past quarter and about $5 billion in the past year or so.

So this can be very devastating for the old internet company.

Forum discussion at WebmasterWorld.

Image credit to BigStockPhoto

 

Popular Categories

The Pulse of the search community

Search Video Recaps

 
- YouTube
Video Details More Videos Subscribe to Videos

Most Recent Articles

Search Forum Recap

Daily Search Forum Recap: July 11, 2025

Jul 11, 2025 - 10:00 am
Search Video Recaps

Search News Buzz Video Recap: Google Helpful Content Recoveries With Core Update, AI Mode Expands, Hidden Ad Terms & Fewer Ad Clicks

Jul 11, 2025 - 8:01 am
Google Maps

Google Local & Business Profiles Drops June 25th - Reporting Glitch?

Jul 11, 2025 - 7:51 am
Google

Google Tests Zoom Effect In On Images Within Search Results

Jul 11, 2025 - 7:41 am
Bing Search

Bing Search Image Box Tests Explore Image & Visual Search Buttons

Jul 11, 2025 - 7:31 am
Bing Search

Microsoft Bing Tests Delivery Truck Icon In Search Ads

Jul 11, 2025 - 7:21 am
Previous Story: How Googlers Play Ingress