Alphabet Reportedly in Talks with Stonepeak-Backed Radiate for Google Fiber Asset Venture

Google (Alphabet) is reportedly in advanced talks with Radiate, a company backed by Stonepeak Partners, to form a joint venture centered around its Google Fiber assets.

• The potential deal aims to strategically reshape and leverage the infrastructure underlying Google Fiber.
• This move aligns with Alphabet's ongoing efforts to monetize its long-standing 'Other Bets' investments.
• Prior to the report, GOOG stock closed down 0.85%.