AT&T Plans To Sell Yellow Pages Business To Cerberus For $950 Million

AT&T's yellow pages business has been dwindling and declining. It registered a fall in its revenues and it is only natural that AT&T has been wanting to get rid of it. Now, the company has revealed its plans of selling some 47% of the stake in the Yellow Pages business to equity firm Cerberus Capital Management LP for $950 million(cash as well as debt).

Continue ReadingAT&T Plans To Sell Yellow Pages Business To Cerberus For $950 Million