Charter and Liberty Broadband Stockholders Approve Acquisition

Charter Communications and Liberty Broadband have successfully obtained stockholder approval for their proposed merger, under an agreement dated November 12, 2024. This significant corporate transaction, which includes the acquisition of Liberty Broadband by Charter, was endorsed in special meetings held by both companies. The merger is slated for completion by June 30, 2027, pending the spin-off of GCI, LLC, a key Liberty Broadband subsidiary, and the satisfaction of specific closing conditions. This agreement underscores Charter's strategic expansion in the broadband sector. Liberty Broadband's assets, including its existing investment in Charter Communications and its extensive operations via GCI in Alaska, align with Charter's intent to augment its connectivity solutions across the U.S. market. The announcement also included standard forward-looking cautions regarding potential risks and uncertainties inherent in such a transaction.