Feeds

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

Mighty award against it abruptly slashed to $172,500

Choosing a cloud hosting partner with confidence

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.