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TPG is seeking a buyer for Astound, a U.S. cable conglomerate that includes RCN, Grande Communications, and Wave Broadband, per Reuters. A deal could fetch more than $8 billion.

Why it matters: The move reflects how many cable operators are thriving in spite of cord-cutters, as work-from-home and streaming video consumers demand faster broadband.  

TPG is seeking a very strong return here, having paid $2.25 billion to buy RCN and Grande in 2016 and then $2.7 billion for Wave in 2017.

TPG seeks $8 billion sale for cable conglomerate Astound

The move reflects how many cable operators are thriving in spite of cord-cutters.

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TPG is seeking a buyer for Astound, a U.S. cable conglomerate that includes RCN, Grande Communications, and Wave Broadband, <a class="gtmContentClick" data-vars-link-text="per Reuters" data-vars-click-url="http://axios.link/yDUH" data-vars-content-id="885454d4-ec14-4a91-81c1-3b37674c0be9" data-vars-headline="TPG seeks $8 billion sale for cable conglomerate Astound" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="http://axios.link/yDUH" target="_blank">per Reuters</a>. A deal could fetch more than $8 billion.Why it matters: The move reflects how many cable operators are thriving in spite of cord-cutters, as work-from-home and streaming video consumers demand faster broadband.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

TPG seeks $8 billion sale for cable conglomerate Astound

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