At&t To Sell Most Of Yellow Pages To Cerberus

AT&T Inc. on Monday said that it had agreed to sell a majority stake in its Yellow Pages business to the private-equity firm Cerberus Capital for $950 million.

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BING NEWS:
  • AT&T to Sell Yellow Pages to Cerberus
    AT&T Inc. said it planned to sell a majority stake in its Yellow Pages business to private-equity firm Cerberus Capital Management LP for $950 million in cash and debt, shedding one of its legacy businesses as wireless profits boom. The telecommunications ...
    12/31/1969 - 7:00 pm | View Link
  • AT&T ditches the Yellow Pages
    NEW YORK (CNNMoney) -- Here's another casualty of our increasingly digital era: The Yellow Pages. AT&T on Monday announced plans to sell its Yellow Pages business unit to private equity firm Cerberus Capital Management. As part of the deal, AT&T will ...
    12/31/1969 - 7:00 pm | View Link
  • UPDATE 1-AT&T to sell Yellow Pages stake to Cerberus
    * Deal is for $750 mln in cash, $200 mln debt assumption * Yellow Pages business declining in Internet era * AT&T will keep 47 pct stake in Yellow Pages unit By Sinead Carew April 9 AT&T Inc said on Monday that it would sell a 53 percent stake in its ...
    12/31/1969 - 7:00 pm | View Link
  • Will AT&T Get Rid of the Yellow Pages?
    AT&T has hinted that it may sell off parts of its business that are performing poorly. Perhaps the most obvious candidate is the good old-fashioned Yellow Pages. Yes, the fat phone book that you probably toss into the recycling bin after it has been out on ...
    12/31/1969 - 7:00 pm | View Link
  • AT&T to Sell Yellow Pages
    AT&T (NYSE:T) has brokered a $950 million deal with Cerebrus Capital Management for 53% ownership stake of its Yellow Pages subsidiary ... AT&T isn’t the first telecom to sell a phone book subsidiary. Verizon (NYSE:VZ) sold its printed phone directory ...
    12/31/1969 - 7:00 pm | View Link
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