AT&T's Yellow pages
Published April 10th, 2012
The Yellow Pages has become the latest casualty of the digital age, but a new deal could give it a second life.
AT&T said today it's selling its Yellow Pages unit to private equity firm Cerberus Capital Management.
As part of the deal, A-T & T will receive $750 million in cash, a $200 million note and a 47% equity interest in the new entity, called Y-P Holdings lnc.
AT&T's Yellow Pages directories go out to about 150 million homes and businesses in 22 states.
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