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Mexican court issues $2.7 billion ruling against Yahoo

Yahoo plans to appeal the ruling that it breached contract on a yellow pages listing service

Yahoo Inc. is facing $2.7 billion in damages after a Mexican civil court ruled that it breached contract on a yellow pages listing service.

According to a statement Yahoo released on Friday, the plaintiffs Worldwide Directories S.A. de C.V. and Ideas Interactivas S.A. de C.V. “alleged claims of breach of contract, breach of promise, and lost profits arising from contracts related to a yellow pages listings service."

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