Feeds

Yahoo! triumphs! in! $2.75bn! Mexican! standoff!

Mighty award against it abruptly slashed to $172,500

Next gen security for virtualised datacentres

Yahoo! has said that a Mexican appeals court threw out a $2.75bn ruling against it and Yahoo! Mexico over contracts in the country.

Worldwide Directories and Ideas Interactivas won the "non-final judgement" at the end of last year after alleging breach of contract, breach of promise and lost profits from a deal on a yellow pages listings service.

But the Superior Court of Justice reversed all monetary awards against Yahoo! and reduced the award against Yahoo! Mexico to $172,500. The original win would have wiped out up to a massive 40 per cent of the drain-circling web firm's 2012 cash balance.

Yahoo! didn't say why the court overturned the win, but sources had previously said there were errors in court procedures and in the application of the law that the company could use.

It may not be over yet though, as the Mexican firms can still appeal the Superior Court's decision. ®

The essential guide to IT transformation

More from The Register

next story
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Munich considers dumping Linux for ... GULP ... Windows!
Give a penguinista a hug, the Outlook's not good for open source's poster child
EU justice chief blasts Google on 'right to be forgotten'
Don't pretend it's a freedom of speech issue – interim commish
Hello, police, El Reg here. Are we a bunch of terrorists now?
Do Brits risk arrest for watching beheading video nasty? We asked the fuzz
Detroit losing MILLIONS because it buys CHEAP BATTERIES – report
Man at hardware store was right: name brands DO last longer
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
UK government accused of hiding TRUTH about Universal Credit fiasco
'Reset rating keeps secrets on one-dole-to-rule-them-all plan', say MPs
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Yes, but what are your plans if a DRAGON attacks?
Local UK gov outs most ridiculous FoI requests...
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.