Yahoo! Inc. Reports Judgment in Lawsuit in Mexico
SUNNYVALE, Calif. -- November 30, 2012
Yahoo! Inc. (NASDAQ: YHOO) today reported that the 49th Civil Court of the
Federal District of Mexico City has entered a non-final judgment of U.S. $2.7
billion against Yahoo! Inc. and Yahoo de Mexico, S.A. de C.V. in a lawsuit
brought by plaintiffs Worldwide Directories S.A. de C.V. and Ideas
Interactivas, S.A. de C.V. Yahoo! believes the plaintiffs’ claims are without
merit and will vigorously pursue all appeals. The plaintiffs alleged claims of
breach of contract, breach of promise, and lost profits arising from contracts
related to a yellow pages listings service.
Yahoo! is focused on creating deeply personal digital experiences that keep
more than half a billion people connected to what matters most to them, across
devices and around the globe. Yahoo!'s unique combination of Science + Art +
Scale connects advertisers to the consumers who build their businesses. Yahoo!
is headquartered in Sunnyvale, California. For more information, visit the
pressroom (pressroom.yahoo.net) or the company's blog, Yodel Anecdotal
Sara Gorman, 408-349-4040
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