Charter to Acquire Liberty Broadband

WASHINGTON, Nov. 13, 2024 – Charter reached a deal to acquire Liberty Broadband in an all-stock deal, the companies announced Wednesday.

Liberty shareholders will receive 0.236 of a Charter share for each of their Liberty shares. Charter had initially proposed a 0.228 exchange rate in September, and Liberty countered with a 0.290 exchange rate offer.

The companies expect the deal to close on June 30, 2027. Both boards have given it the greenlight, but other shareholders will still need to vote and regulatory approvals might be necessary. John Malone, the cable billionaire who owns nearly half the voting power of Liberty, is in favor of the deal.