Peter Kafka

Recent Posts by Peter Kafka

AT&T Walks Away From Its Yellow Pages

AT&T has sold off a majority stake in its Yellow Pages business unit for about $1 billion. Private equity firm Cerberus Capital Management will pay the telco $750 million cash and take on $200 million in debt in exchange for 53 percent of the directory business, which generated $3.3 billion in revenue last year.


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There was a worry before I started this that I was going to burn every bridge I had. But I realize now that there are some bridges that are worth burning.

— Valleywag editor Sam Biddle