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John Malone’s Liberty Broadband Seeks Merger With Charter

Liberty Global John Malone Liberty Broadband Greg Maffei state Alaska county Liberty president Trade Digital CEO Provident Platform Markets
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variety.com
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Todd Spangler NY Digital Editor John Malone is angling to simplify his cable portfolio, with his Liberty Broadband looking to merge with Charter Communications — two companies he holds sizable interests in.

Shares of Liberty Broadband jumped 26% Tuesday on the news, which was issued after market close on Sept. 23, while Charter’s stock declined 2.5%.

Malone owns a 49% voting stake in Liberty Broadband, which holds a 26% interest in Charter and also owns Alaskan telecom company GCI.

On Monday, Liberty Broadband announced a counterproposal to the special committee of the board of directors of Charter, in response to an initial merger proposal sent Sept.

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