Apax Will Pay $745M For Trader Corp.'s Yellow Media

Private equity firm Apax Partners will pay about $745 million for the Trader Corp. unit of media and marketing company Yellow Media Inc., Reuters said. The proceeds of the sale – set to close in June – will help Yellow Media pay down debt. Trader Corp. publishes about 160 publications and 22 websites on automotive, real estate, general merchandise and employment, Reuters said.

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