Monday, July 3, 2017

Dex Media Acquires YP Holdings

Dallas-based Dex Media said on Friday that it has acquired YP Holdings, wich operates both YP.com and the Real Yellow Pages, and will create a new combined company called DexYP. Financial details of the acquisition were not announced, however, DexYP says the combined company will have pro forma net revenues of more than $2 billion in 2017. Dex Media said the new, combined company will focus on local business automation software and digital and print marketing products. The combined company will be based in Dallas. YP Holdings had been owned by Cerberus Capital.