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
    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 ...
    04/9/2012 - 8:39 am | 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 ...
    04/9/2012 - 7:11 am | View Link
  • UPDATE 1-AT&T to sell Yellow Pages stake to Cerberus
    * Deal is for $750 mln in cash, $200 mln debt assumption April 9 AT&T Inc said on Monday that it would sell a 53 percent stake in its declining Yellow Pages business to private equity firm Cerberus Capital Management LP [CBS.UL} in a deal worth $950 ...
    04/9/2012 - 4:59 am | View Link
  • AT&T to sell most of Yellow Pages to Cerberus
    NEW YORK (AP) — AT&T Inc. on Monday said it agreed to sell a majority stake in its Yellow Pages business to the private-equity firm Cerberus Capital for $950 million. The sale is part of AT&T's strategy to jettison shrinking parts of its business so it ...
    04/9/2012 - 3:18 am | View Link
  • 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 ...
    04/9/2012 - 1:47 am | View Link
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