33 posts and columns on Mexico
The folks at Yahoo are breathing a bit easier on word today that the Superior Court of Justice for the Federal District in Mexico reversed a lower court’s preliminary damage award of $2.75 billion won in a suit filed by Worldwide Directories and Ideas Interactivas. The plaintiffs had sued Yahoo and Yahoo Mexico over alleged breach of contract and lost profits of a yellow pages listing service. The latest ruling leaves intact only $172,500 in damages against Yahoo Mexico. An appeal is possible.
News ByteReuters said that according to its sources, Privalia paid between $210 million and $280 million. On Monday, Privalia raised roughly $123 million from private equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners to fund the transaction, which also included debt and shares. Together, Privalia is forecasting that they will achieve triple-digit revenue growth this year to around 400 million euros. In December, eBay purchased Germany-based brands4friends for $200 million.