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Stonepeak Infrastructure Partners said it is buying Astound Broadband, the sixth largest U.S. cable-TV provider, for $3.6 billion, in one of the biggest leveraged buyouts this year.

Astound, owned by private-equity firm TPG and cable-management company Patriot Media Management, is the operator of RCN Telecom Services LLC, Grande Communications, Wave Broadband and enTouch Systems.

Based…

This post first appeared on wsj.com

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