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Mexican court fines Yahoo 2.7 billion US dollars

screenshot 10 Mexican court fines Yahoo 2.7 billion US dollars

Fining a company is wounding to their reputation, but a Mexican court looks to be really eager to twist the knife in Yahoo. A court in the country has ordered the company to cough up an eye-watering $2.7 billion over a lawsuit involving a breach of contract and lost profits from a yellow pages listing service.

The yellow pages listing service was operated by Worldwide Directories and Ideas Interactivas. Yahoo’s contribution to this yellow pages company dates all the way back to 2003 (according to an article from the year), with Paginas Utiles. As you can see from the site it’s pretty dead. It’s a real kicker for a company that Marissa Mayer, formerly of Google, has been fighting to turn around since mid-2012.

Yahoo is understandably horrified, and “believes the plaintiffs’ claims are without merit and will vigorously pursue all appeals.” $2.7 billion dollars is an astronomical amount to try to wring out of a company. It’s more than Apple eventually got from Samsung. According to Wikipedia, Yahoo’s revenue for 2011 was $4.98 billion, so the fine represents more than half that amount.

Business Insider turned up some useful information; Carlos Bazan-Canabal claims that Paginas Utiles turned Yahoo Mexico’s financial status around on his LinkedIn profile. Bazan-Canabal was a Yahoo executive at one point, leaving to work for Worldwide Directories – the same company that seems to now be fighting Yahoo. One thing’s for sure – “Yahoo” is not going to be shouted at the next stockholder meeting in any positive manner.

8 comments

  1. Wavatar

    Can u men assist me to with my tab, how do i carry my samsung universe tab 2? 7″ tab beside me its far too large in my pocket

  2. Wavatar

    What’s the ratio whose terms differ by 40 and measure being 2/7?

    If there any formula or logic to complete this particular sum please tell exactly the same

    If you’re presuming anything please provide a proper reason for this.

  3. Wavatar

    Help me solve the next equations:

    x+2 = 7

    x-1 ? 2

    x+1 < 3

  4. Wavatar

    I wanna purchase a Gateway PC and contains 2.7 ghz and 4gb of ram and Apple HD Graphics! Please let me know if it is sufficiently good to run Minecraft easily :). On which setting of Minecraft does it work and the like!

  5. Wavatar

    Hence or else,resolve 2x^2 – 7 = – 5x

  6. Wavatar
    Chauncey Varghese

    i lately purchased a charger 2.7 v6 due to the low insurance costs and also the little better fuel useage. but i’m wondering about what horsepower would i profit from setting up a k&n cai, jet performance nick, along with a magnaflow y-pipe?

  7. Wavatar

    6p-2/7=5p-7/8

    6p-2 over 7= 5p- 7 over 8.

    Someone help:(

  8. Wavatar

    Expand the next expression through the Binomial Theorem:

    (3x-2)^7

    Any help could be appreciated. (:

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