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Liberty Broadband ( (LBRDA) ) has issued an announcement.
Liberty Broadband Corporation will merge with Charter Communications in an all-stock acquisition, with Liberty Broadband shareholders receiving a portion of Charter stock. Prior to this, Liberty Broadband will divest its GCI business. The transaction, expected to close by 2027, includes Liberty Broadband’s debt management and is designed to enhance shareholder value through Charter’s growth potential. This strategic move, backed by major stakeholders like John Malone, aims to simplify corporate structure and provide liquidity to Liberty Broadband shareholders.
See more data about LBRDA stock on TipRanks’ Stock Analysis page.
