### Charter Communications to Acquire Liberty Broadband Corporation – Creating a Stronger Telecom Entity

Charter Communications, Inc. (NASDAQ: CHTR) and Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP) have officially announced a significant agreement today. According to the terms of the deal, Charter will be acquiring Liberty Broadband in an all-stock transaction.

Under the terms of the agreement, holders of Liberty Broadband Series A, Series B, and Series C common stocks will receive 0.236 shares of Charter common stock per share of Liberty Broadband common stock owned, with cash being issued for fractional shares. Additionally, holders of Liberty Broadband Series A cumulative redeemable preferred stock will receive one share of Charter cumulative redeemable preferred stock per Liberty Broadband preferred stock owned, mirroring the terms of the Liberty Broadband preferred stock.

The pivotal aspects of Liberty Broadband currently include an interest in Charter Communications and its subsidiary GCI, LLC (GCI), Alaska’s major communications provider. Liberty Broadband has agreed to spin off its GCI business by distributing it to Liberty Broadband stockholders before finalizing Charter’s acquisition. The GCI distribution is projected to be taxable to Liberty Broadband and its shareholders, with Charter undertaking the corporate level tax liability after the combination. The organizations anticipate the transaction to close by June 30, 2027, contingent on the completion of the GCI spin-off and other customary closing conditions.

The completion of the transaction is foreseen to reduce Liberty Broadband

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Charter Communications’s 8K filing here.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.