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TPG to buy RCN, Grande Com for USD 2.25 bln - report

2016-08-15 09:07:00| Telecompaper Headlines

(Telecompaper) Private-equity firm TPG has agreed to buy US cable operators RCN and Grande Communications for about USD 2.25 billion including debt, people familiar with the matter told the Wall Street Journal. Google Capital is taking a minority stake in the companies, which are currently owned by private-equity firm Abry Partners, some of the people said. The transactions could be announced 15 August. RCN provides cable, phone and internet service on the East Coast and in Chicago, while Grande offers the same services in Texas. Grande and RCN have shared management and other resources since Abry agreed to buy the two companies in 2009 and 2010, respectively. Their management, including CEO Jim Holanda, will stay on after the sale, the report said.

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This week in beer & cider featuring MillerCoors' latest craft brewery buy, Heineken's Red Stripe plans and a divestment from Carlsberg

2016-08-12 16:59:00| Daily beverage news and comment - from just-drinks.com

Here's a round-up of this week's top stories in the global beer & cider categories. We also have similar round-ups for soft drinks & bottled water and spirits & wine.

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MillerCoors continues craft brewery spree with Revolver Brewing buy 

2016-08-11 18:05:53| Daily beverage news and comment - from just-drinks.com

MillerCoors has made its third craft brewery purchase in as many weeks, with a majority stake in Granbury, Texas-based Revolver Brewing.

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Bharti closes spectrum buy in another circle

2016-08-11 02:00:00| Total Telecom industry news

Indian mobile operator takes control of 20 MHz of 2.3-GHz spectrum in Orissa.

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Walmart eyes online growth with $3bn Jet.com buy

2016-08-09 14:06:43| Daily apparel & textile news and comment - from just-style.com

US retail behemoth Walmart has signed a US$3bn cash deal to acquire e-commerce start-up Jet.com in a move to grow its online business at a faster rate and reach more Millennial customers. 

Tags: online buy eyes growth

 

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