TechTaffy

tech:

taffy

Mexican Court Reverses $2.75 Billion Ruling Against Yahoo

By TechTaffy Desk

Yahoo just breathed a sigh of relief; or 2.75 billion sighs of relief, if you will. The Superior Court of Justice for the Federal District in Mexico granted the company’s appeal, and reversed a ruling of the 49th Civil Court of Mexico. The court had entered a non-final judgment of $2.75 billion against Yahoo and Yahoo  Mexico on November 28, 2012.

The appellate decision overturned all monetary awards against Yahoo, and reduced the monetary award against Yahoo Mexico to $172,500. Yahoo Mexico was awarded $2.6 million in the original judgment, and this award was confirmed by the appellate decision.

The lawsuit against Yahoo was filed by World Wide Directories, and Ideas Interactivas, against Yahoo Mexico and Yahoo in 2011. Yahoo Mexico and Yahoo appealed the judgment to a three-magistrate panel of the Superior Court of Justice for the Federal District in December last year.

Yahoo’s victory may however be shortlived. The plaintiffs may appeal this decision, and the lawsuit can drag on.

Upload: 05-20-13

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.