John Malone’s Liberty Broadband To Be Acquired By Charter In All-Stock Deal
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deadline.comCharter Communications has sealed a deal to acquire John Malone‘s Liberty Broadband in the latest media chess move by Malone.
While far from the glitzy spotlight of Warner Bros. Discovery, Formula One or other parts of Malone’s investment portfolio, the broadband deal has been closely tracked as the parties negotiated in recent months.
Malone is also a major shareholder in Charter, the No. 1 pay-TV provider in the U.S. as well as a major broadband distributor.
Under the terms of the agreement, each holder of Liberty Broadband Series A common stock, Series B common stock, and Series C common stock will receive 0.236 of a share of Charter common stock per share of Liberty Broadband common stock held.
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