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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.

 

AT&T in Talks to Sell Yellow Pages Stake

Yellow Pages

AT&T is in talks to sell a majority stake in its Yellow Pages business to Cerberus, in a deal that would value the business at as much as $1.5 billion. TPG has also held talks about buying the business.

 

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