Charter Communications, Liberty Broadband Merge, Closing Expected by 2027

On February 26, 2025, shareholders of Liberty Broadband and Charter Communications approved a merger agreement first proposed in November 2024, which is expected to close on June 30, 2027, contingent on the spin-off of Liberty's subsidiary GCI. The merger aims to enhance Charter's market position and service offerings, as Liberty Broadband holds significant interests in telecommunications and media. GCI, Alaska's largest broadband provider, will be spun off following the merger, further streamlining operations. John Malone, Liberty Broadband's chairman, expressed optimism about the merger's potential to create value for shareholders. The transaction is structured as an all-stock deal, where Liberty shareholders will receive Charter shares. Both companies' boards have unanimously supported the merger, with independent financial and legal advisors involved in the process.