Monday, July 3, 2017
YP Holdings Acquired By Dex Media
Los Angeles-based YP.com, the provider online directories and services to help businesses get their companies online which has been remade by a number of technology executives into a provider of local business marketing and automation software, has been acquired by competing directory provider Dex Media. Dex Media said on Friday that it has acquired YP Holdings, which 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. YP.com had been owned by private equity investor Cerberus Capital Management.