Yahoo ordered to pay â¹35 crore for backing out of contract
Yahoo on Monday was ordered to pay â¹35 crore ($5.5 million) for violating a contract with Dallas-based SCA and signing a similar contract with Quicken Loans and Berkshire Hathaway. Yahoo co-sponsored Hathaway's 'Billion Dollar Bracket Challenge' three weeks after signing the contract with SCA. The contract involved awarding $1 billion to those who predicted winners in a 2014 basketball tournament.