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The company behind the Yellow Pages wants to merge with Yahoo

The proposal by  YP Holdings — the digital advertising firm formerly known as yellowpages.com — could help a pair of once-grand companies now faced with increasing irrelevance. An interesting wrinkle to this potential deal is that AT&T owns 47 percent of YP. And so while AT&T had withdrawn its name from the list of potential bidders for Yahoo — which includes the telecom giant’s closest competitor, Verizon — the firm could come out owning part of Yahoo after all. DH