Astound Broadband and GFiber to Combine, Creating Leading Independent Fiber Provider — Simpson Thacher Advises Stonepeak and Astound

"Simpson Thacher advised Stonepeak and Astound Broadband on Astound’s combination with GFiber (formerly Google Fiber), creating a leading independent fiber provider. The new company will be majority owned by Stonepeak, with Alphabet remaining a significant minority shareholder. The deal, with financial terms not disclosed, is expected to close in the fourth quarter subject to customary conditions."