Yahoo Ordered to Pay $2.7 (€2.07) Billion by Mexican Court
The court found it guilty of breach of contract and breach of trust
Yahoo's doing better than it has been for the past few years, it's flush with cash, it's got a hot new CEO, things are looking up. A Mexican court though has ordered it to pay $2.7 billion, €2.07 billion in damages to a couple of companies, something that could prove a huge burden for the company.Details are scarce, but Worldwide Directories S.A. de C.V. and Ideas Interactivas, S.A. de C.V. sued Yahoo over a breach of contract over a yellow pages listing service.
Yahoo, obviously, won't go down without a fight, it believes the "claims are without merit and will vigorously pursue all appeals."
Doubtless, this will carry on for a while, but there's no guarantee that Yahoo is going to win the lawsuit. Still, the damages seem to be unrealistic to say the least, Yahoo barely made $1.2 billion, €920 million in revenue during Q3 this year.