Mexico

Yahoo Ordered to Pay $2.7 Billion in Mexican Lawsuit

Over a listings service

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A Mexican court walloped Yahoo with a huge judgment today, ordering it to pay $2.7 billion to a couple companies accusing it of breaching contract related to a yellow pages listings service.

Details are pretty scarce about the initial complaint. Yahoo's press release noted that Worldwide Directories S.A. de C.V. and Ideas Interactivas, S.A. de C.V. claimed breach of contract, breach of promise, and lost profits arising from contracts related to a yellow pages listings service.

Yahoo, meanwhile, said it believes the claims are without merit. It plans to vigorously pursue all appeals.