John Malone's Liberty Broadband To Be Acquired By Charter In All-Stock Deal
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.
Charter to buy Liberty Broadband in all-stock deal
Cable operator Charter Communications has agreed to buy Liberty Broadband in an all-stock deal, the companies said on Wednesday.
Liberty Broadband Stock Is Surging. A Deal With Charter Looms.
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.
Liberty Broadband Stock Spikes. It May Merge With Charter.
The company submitted a counteroffer to Charter, it said Tuesday morning.
Be Quick To Buy This Rare Over 7% Yielding Liberty Broadband Preferred
Liberty Broadband preferred stock offers stable income, backed by a significant stake in Charter Communications, ensuring high safety for dividend payments. The preferred stock is trading under par, presenting a good buying opportunity. If interest rates are cut, the price can easily return to above par. The mandatory redemption at par on March 8, 2039 is an attractive characteristic that is not often encountered in preferred stock.
