As noted in Greg’s post, last night, Verizon Corp. posted an announcement on its Web site that it is "reviewing strategic alternatives for the domestic operations of the company’s wholly owned directories publishing business, Verizon Information Services." You can review the original announcement here.
VIS had 2004 revenues of US$3.6 billion and EBITDA of US$1.7 billion. It also had a negative growth rate of 5.6 percent. VIS is reported to be commanding a price in the range of US$17 billion. This would be a blockbuster deal, and a challenging one for any single buyer to handle. All of which suggests a spin-off, which is one of the options Verizon presented in its announcement yesterday. TKG will provide more detailed coverage and analysis in the coming days, as more facts emerge.