Liberty Deal Looks Favorable for Charter as Malone Simplifies His Empire
Charter Communications ’ long-awaited deal to buy Liberty Broadband in an all-stock transaction looks like a win for Charter investors. Charter effectively will buy Liberty Broadband, whose main asset is a roughly 26% stake in the country’s second-largest cable company,
Charter Communications to acquire Liberty Broadband
Charter Communications has announced a deal to acquire Liberty Broadband as part of an all-stock transaction. Liberty Broadband, which is controlled by American businessman John Malone, owns a 26 percent stake in broadband and cable firm Charter and Alaskan telecommunications subsidiary GCI.
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John Malone has never been afraid to shake up his businesses. The media and telecom mogul owns a slew of companies and stakes ...
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Chairman John Malone will then assume the role of interim CEO as Maffei will serve as senior advisor starting Jan. 1 in ...
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