(RTTNews) - Thryv Holdings (THRY) has entered into a definitive agreement to sell its print directories business - consisting of Print Yellow and White Pages in the United States, Australia, and New Zealand, the digital editions of those print directories, and Australia White Pages online - to Carolwood L.P. in an all-cash transaction for total consideration of $142 million. The company intends to use the net proceeds to repay outstanding debt and other liabilities, further strengthening the balance sheet. "We are confident that concentrating our business strategy and resources on our AI-powered Growth Platform is the most effective path to maximize shareholder value," said Joe Walsh, CEO and Chairman of Thryv Holdings.
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