Yahoo! Inc. (NASDAQ: YHOO) 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. and Yahoo de Mexico, S.A. de C.V. in a
lawsuit brought by plaintiffs Worldwide Directories S.A. de C.V. and
Ideas Interactivas, S.A. de C.V. 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.
About Yahoo!
Yahoo! is focused on creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. Yahoo!'s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom (pressroom.yahoo.net) or the company's blog, Yodel Anecdotal (yodel.yahoo.com).
About Yahoo!
Yahoo! is focused on creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. Yahoo!'s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom (pressroom.yahoo.net) or the company's blog, Yodel Anecdotal (yodel.yahoo.com).
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