Yahoo ordered to pay $5.5 million for busting March Madness deal

VentureBeat
By ReutersAug 21, 2017, 9:45 pm215 pts
(Reuters) — Yahoo Inc owes a prize promoter $5.5 million for backing out of a contract to pay $1 billion for predicting every winner in the 2014 NCAA men’s basketball tournament, and entering a similar contract with Quicken Loans Inc and Warren Buffett’s Berkshire Hathaway Inc, a court decided on Monday.…

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