Yahoo says Mexico appeals court throws out $2.75 billion ruling

MEXICO CITY (Reuters) - Yahoo Inc said on Thursday that a Mexican appellate court had thrown out a $2.75 billion ruling by a lower court against Yahoo and Yahoo Mexico in a contractual dispute with two Mexican firms. The appellate decision overturned all monetary awards against Yahoo and upheld an award of $2.6 million in the original for Yahoo Mexico, the company said in a statement. It was not immediately clear when the court issued its ruling. The original ruling late last year was equal to an estimated 40 percent of Yahoo's 2012 cash balance, and its scope and size perplexed the tech ...

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