|By Maureen O'Gara||
|December 10, 2012 07:00 AM EST||
A Mexican court told Yahoo Friday that it owes $2.7 billion in a breach of contract, breach of promise and lost profits suit arising from contracts related to a Yellow Pages telephone listings service.
It's apparently not a final decision.
The verdict was issued by the 49th Civil Court of the Federal District of Mexico City in a case filed by Worldwide Directories SA de CV and Ideas Interactivas SA de CV.
Yahoo contends that the plaintiffs' claims are without merit and says it will appeal.
Yahoo has a market value of $22.2 billion and cash on hand worth roughly $8.41 billion as of September 30. Bloomberg figures the assessment is more the tip.
- Source Claims SCO Will Sue Google
- Latest SCO News is Plain Weird
- SCO Claims Linux Lifted ELF
- IBM Tells SCO Court It Can't Find AIX-on-Power Code
- HP Starts Pushing Desktop Linux
- Linux Business Week Exclusive: Linux Kernel To Be Re-Written To Counter Microsoft FUD
- CSN Asks Judge To Unseal the SCO-IBM Court Record
- IBM's Got Its Head in the Clouds
- Noorda's Daughter Committed Suicide
- SCO vs IBM Latest: SCO To Request Unsealing of Most Documents, Claims O'Gara
- IBM CEO Ordered to Turn Over Linux Secrets to SCO
- Open Letters Back to Darl