After winning a $2.7 billion preliminary judgment against Yahoo, a plaintiff in the Mexico City civil court case said the matter can be settled for less than the court's judgment.
The judgment handed down Friday by the 49th Civil Court of the Federal District of Mexico City involved allegations that Yahoo was in breach of contract related to a yellow-pages listing service. The lawsuit was brought by Worldwide Directories S.A. de C.V. and Ideas Interactivas, S.A. de C.V.
However, a partner in both firms tells Reuters that he and his partners would be willing to entertain a settlement offer of less than the $2.7 billion judgment.
"If we can reach a settlement with an interesting number, we would go for it," Carlos Bazan-Canabal told Reuters, adding that there were less than people involved in the case against Yahoo.
The dispute involves a business venture formed by the companies between 2002 and 2004 for an online business search. The deal was supposed to last until 2009, but Yahoo canceled the deal, causing Ideas Interactivas to go bankrupt, Bazan-Canabal said.
CNET has contacted Yahoo for comment and will update this report when we learn more. Yahoo had previously said the claims were without merit and that it planned to vigorously pursue all appeals.
Plaintiff in $2.7B judgment against Yahoo willing to take less
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Plaintiff in $2.7B judgment against Yahoo willing to take less
