Donnelley will acquire Dex Media for $4.2 billion and will become third largest Internet directory publisher.


According to New York MarketWatch R.H. Donnelley Corp. has agreed to acquire fellow yellow-pages publisher Dex Media for $4.2 billion in cash and stock. The deal will also include assuming Dex Media’s net debt of roughly $5.3 billion.

This will create the third-largest print and Internet directory publisher in the United States. The annual pro forma revenue will be more than $2.7 billion.

The combined company would operate in 28 states, and have a total circulation of 73 million with more than 600 directories.

David Swanson, R.H. Donnelley’s chairman and chief executive said, the merged companies will be in a position “to lead our industry into the era of integrated local commercial search, encompassing both print and digital platforms”.

Perry Evans who has announced Local Matters, a platform technology for search, has said in an interview with Ziff Davis Media that R.H. Donnelley and Dex Media are two of Local Matters first and biggest customers.

 

 

 

 

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