A Mexican court ruled last November that Yahoo and Yahoo Mexico had to shell out a whopping $2.75 billion in a lawsuit over a yellow pages listing service's lost profits. On Thursday, Mexico's Superior Court of Justice reduced that number to a mere $172,500 in damages.
This is likely welcome news to the tech company. Damages of $2.75 billion is a huge portion of the company's revenue -- in Yahoo's most recently reported quarter, it only generated $1.07 billion in revenue.
The lawsuit was originally filed by the Worldwide Directories and Ideas … Read more