Mexican court enters preliminary $2.7 billion judgment against Yahoo

Yahoo headquarters is pictured in SunnyvaleSAN FRANCISCO (Reuters) – A civil court in Mexico entered a preliminary $ 2.7 billion judgment against Yahoo Inc for breach of contract involving a yellow pages listings service, Yahoo said on Friday. Yahoo said that it believes the claims are without merit and that it will vigorously pursue all appeals. Shares of Yahoo were off 1.7 percent at $ 18.45 in afterhours trading on Friday. The lawsuit was brought by Worldwide Directories S.A. de C.V. and Ideas Interactivas S.A. de C.V. against Yahoo and Yahoo de Mexico, Yahoo said. …

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