Charter and Liberty Broadband Stockholders Approve Proposed Acquisition

Charter Communications, Inc. (NASDAQ: CHTR) and Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced on February 26, 2025, that their respective stockholders have approved the proposals to consummate the merger, as outlined in the Merger Agreement dated November 12, 2024. The approvals came following special stockholder meetings held by each company earlier today.

Under the terms of the Merger Agreement, Charter will acquire Liberty Broadband, pending customary closing conditions, including the required spin-off of Liberty Broadband’s subsidiary, GCI, LLC, by distribution to its stockholders. The companies currently expect the transaction to close on June 30, 2027, unless otherwise agreed.

Charter, a leading broadband connectivity and cable operator, serves nearly 57 million homes and businesses across 41 states under its Spectrum brand, offering a wide range of residential and business services including internet, TV, mobile, and voice services. Liberty Broadband operates and holds interests in various communications businesses, with its principal assets comprising an interest in Charter Communications and its subsidiary GCI, LLC. GCI provides an array of communications services across Alaska, having invested heavily in network infrastructure over the past several decades.

The announcement also included forward-looking statements regarding the proposed transaction. These statements are subject to risks and uncertainties including potential operational impacts, regulatory approvals, timing issues, cost factors, challenges related to the GCI spin-off, and litigation risks. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the announcement.

The approval of the Merger Agreement and related transactions marks a significant step forward in the planned acquisition process, with both companies aiming to finalize the deal under the agreed conditions by mid-2027.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Charter Communications’s 8K filing here.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.