TPG to Acquire RCN, Grande in $2.25 Billion Cable TV Deal

Updated on
  • Firm to acquire RCN for $1.6 billion, Grande for $650 million
  • Deal is latest in a wave of consolidation in cable industry

Private-equity firm TPG agreed to buy two small cable providers, RCN Telecom Services LLC and Grande Communications Networks LLC, in a $2.25 billion bet on demand for faster internet connections and video.

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