3 Billion Dollar Deals

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| 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?

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