Charter Communications to acquire Liberty Broadband
Nov 15, 2024 | Posted by Abdul-Rahman Oladimeji
Charter Communications has announced a deal to acquire Liberty Broadband as part of an all-stock transaction. As part of the deal announced today, Liberty has agreed to divest GCI, which is Alaska's largest communications provider.
"We are pleased to announce this agreement today with Liberty Broadband. I am grateful for Liberty Broadband’s strategic partnership since 2013, and particularly for the support of John Malone, Greg Maffei, and our Liberty Broadband nominated board members,” said Chris Winfrey, president and CEO of Charter.
“Today’s announced transaction will rationalize Liberty Broadband’s trading discount and ultimately provide our shareholders with enhanced liquidity,” Malone, who is chairman of Liberty Broadband, said. “The transaction closing timeline reflects my belief in Charter’s operating strategy under the excellent leadership of Chris Winfrey and team and the value creation opportunity for both Charter and Liberty shareholders. I look forward to that continued upside, and to holding Charter shares after the merger closing.”
"We are pleased to announce this agreement today with Liberty Broadband. I am grateful for Liberty Broadband’s strategic partnership since 2013, and particularly for the support of John Malone, Greg Maffei, and our Liberty Broadband nominated board members,” said Chris Winfrey, president and CEO of Charter.
“Today’s announced transaction will rationalize Liberty Broadband’s trading discount and ultimately provide our shareholders with enhanced liquidity,” Malone, who is chairman of Liberty Broadband, said. “The transaction closing timeline reflects my belief in Charter’s operating strategy under the excellent leadership of Chris Winfrey and team and the value creation opportunity for both Charter and Liberty shareholders. I look forward to that continued upside, and to holding Charter shares after the merger closing.”