Saturday, October 31, 2020

Logo Central America Link

Firms in Yahoo $2.7 billion battle could settle for less

Thursday, December 6, 2012

Two companies in Mexico which won a surprise $2.7 billion preliminary judgment against Yahoo Inc. in a contractual dispute said on Wednesday they may be willing to settle for less money, which could avoid a long legal battle.

The ruling by the 49th Civil Court of the Federal District of Mexico City, which was issued on Friday and perplexed the tech world, involves allegations of breach of contract related to an online yellow pages listings service, according to Yahoo.

The lawsuit was filed in November 2011 by Worldwide Directories S.A. and Ideas Interactivas S.A. against Yahoo and Yahoo de Mexico.

Source: Reuters