Mexico court rules against Yahoo for $2.7 billion www.privateofficer.com

Sunnyvale CA Dec 4 2012  A nine-year-old Mexican deal may bite Yahoo for $2.7 billion in the wake of a court ruling in that country.

The Sunnyvale tech giant said it believes the ruling is without merit and promises vigorous appeals.

But if it’s unsuccessful it could put a major dent in CEO Marissa Mayer’s war chest as she tries to rebuild Yahoo. The judgment is more than double the $1.2 billion in revenue the company posted in its most recent quarter.

The dispute apparently centers around a deal done in 2003 between Yahoo de Mexico and Ideas Interactivas in which the plan was to print a Yellow Pages type listing of business telephone numbers in Mexico.

Yahoo said it was sued for breach of contract, breach of promise and lost profits by the Mexican company.

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