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Why Is Yahoo Being Ordered to Give $2.7 Billion to a Mexican Yellow Pages Directory?

Not everything you read in a day is going to make sense. It makes sense that the Pope would join Twitter. It makes sense that Kate Middleton would be having a royal baby. But one thing that almost no one can make sense of is why Yahoo is being ordered to pay $2.7 billion—about 36 percent of all its money—to Mexico’s Worldwide Directories and Ideas Interactivas, a yellow pages listings company. Yahoo won’t talk about it, and the Mexican courts are keeping silent on the issue, so just what they did that blew up so expensively is a mystery. Yahoo said that it “believes the plaintiffs’ claims are without merit and will vigorously pursue all appeals,” so who even knows what’s going on …

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