3 Billion Dollar Deals

Peter : On Rad's Radar?
Peter
| Peter Radizeski of RAD-INFO, Inc. talking telecom, Cloud, VoIP, CLEC, and The Channel.

3 Billion Dollar Deals

Apparently, $1B is not a lot of money. Three deals today - all at $1B.

Facebook bought Instagram, a photo-sharing app, for $1B.

Microsoft paid $1B for 800 AOL patents. Who knew AOL even had 800 patents?  Now they can fund Patch some more.

AT&T sold a majority stake in its Yellow Pages unit for $950 Million. "Private equity firm Cerberus Capital Management has agreed to acquire a majority stake of AT&T's Yellow Pages business unit, which will be rebranded under the name YP Holdings LLC. AT&T will still maintain a 47 percent equity interest in the new entity but will hand over the controlling stake in the unit to Cerberus for $750 million in cash and the assumption of $200 million in debt." It must be short term gains that Cerberus is after, because with search going to Google and Facebook, how does YP.com monetize?



Related Articles to '3 Billion Dollar Deals'
mergers.jpg
lipstick_pig_080910_mn.jpg
ATTBuysTMobile.jpg
ATTBuysTMobile.jpg

Featured Events