Google Capital Buys Stake in Cable-TV Firms RCN, Grande

MarketWatch: Private-equity firm TPG has agreed to buy cable-television providers RCN and Grande Communications for about $2.25 billion, in a bet that demand for new broadband services will fuel growth in the businesses. Google Capital, Alphabet’s growth-equity investment fund, is taking a minority stake in the companies, which are currently owned by private-equity firm Abry Partners.