Wall Street Journal claims that Wall Street Journal would sell majority stake in Yellow-Pages Unit

We now have more breaking stories coming out from the Wall Street Journal. The media group has said in a news report that France Telecom SA has decided to sell its majority stake in PagesJaunes Groupe SA to Goldman Sachs Group Inc. and private equity firm Kohlberg Kravis Roberts & Co.

The deal is said to be worth around $4.3 billion as WSJ cited information revealed by inside sources and people involved in the talks.

PagesJaunes Groupe happens to be a publicly traded company based in Sevres, France. WSJ added that KKR and Goldman would also pay shareholders in PagesJaunes a premium of 2 to 3 percent above the bid price in case they manage to get more than 95 percent of all the company’s shares.

The media group also added that the deal is somewhat unusual considering private equity firms tend to completely acquire the companies to restructure them and sell them later at a huge profit. None of the involved parties has commented on this market rumor.