Charter Communications has sealed a deal to acquire John Malone's Liberty Broadband in the latest media chess move by Malone. While far from the glitzy spotlight of Warner Bros. Discovery, Formula One or other parts of Malone's investment portfolio, the broadband deal has been closely tracked as the parties negotiated in recent months.
Cable operator Charter Communications has agreed to buy Liberty Broadband in an all-stock deal, the companies said on Wednesday.
Investors appear to be betting that Liberty Broadband and Charter Communications can meet in the middle and reach a deal for the latter to buy the former.
| Media Industry | Communication Services Sector | Martin Edward Patterson CEO | XFRA Exchange | US5303071071 ISIN |
| US Country | 1,900 Employees | - Last Dividend | 11 Dec 2014 Last Split | 4 Nov 2014 IPO Date |
Liberty Broadband Corporation, incorporated in 2014 and based in Englewood, Colorado, operates within the communications sector, focusing on a broad spectrum of telecommunication services. The company, through its segments, delivers a comprehensive array of services including data, wireless, video, voice, and managed services, primarily under the GCI brand in Alaska. These services cater to a diversified client base that includes residential customers, businesses, governmental entities, educational, and medical institutions. Liberty Broadband also owns a segment of Charter, contributing to its expansive service offerings in internet, video, mobile, voice, and business services across different brands like Spectrum. This strategic position allows the company to serve a wide-ranging audience with advanced technological solutions, bolstering its footprint in the telecommunications industry.
The portfolio of Liberty Broadband Corporation spans various sectors within the telecommunications domain, detailed as follows: