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Google purchases BufferBox, Yahoo ordered to pay 2.7 billion

Internet giant Google once again expanded its business by acquiring a company that provides delivery of lockers. Google announced its purchase of BufferBox last Friday, making it another major step in its e-commerce venture.

Founded by Jay Shah Adityah Bali and Mike McCauley in 2010, BufferBox’s main business is offering users temporary parcels pickup stations for packages ordered online. After a pilot trial was conducted at the University of Waterloo, BufferBox grew and spread throughout Toronto metropolitan.

Google’s purchase of BufferBox only shows its intention to compete against Amazon’s Locker service. Google kept the key persons (10 employees) behind BufferBox intact, though they will be moving to a new office at Google’s office in Kitchener-Waterloo.

“We want to remove as much friction as possible from the shopping experience, while helping consumers save time and money, and we think the BufferBox team has a lot of great ideas around how to do that,” a Google spokesperson told CNET in an e-mail on Friday.

Google continue to grow into a dominant force in the internet world ever since they surpassed Yahoo as the largest internet-related products and services provider.

On the other hand, Yahoo took another big blow after a Mexican court ordered the web giant to pay $2.7 billion to Worldwide Directories S.A. de C.V. and Ideas Interactivas, S.A. de C.V on account of breach of contract, breach of promises, and lost profits caused by contract related to a yellow pages listing service.

Yahoo is planning to appeal the decision, asserting the claims of the two companies are without merit. Yahoo Inc. has been losing a real deal of cash as of late and a $2.7 billion claim could be ominous for the internet giant. Yahoo only recorded revenue of $1.2 billion for the third quarter while its share plummeted by 1.5 percent to $18.49 million in last Friday’s trading.