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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.
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. Liberty Broadband’s main assets are about 45.6 million common shares of Charter and its subsidiary GCI, Alaska’s largest communications provider. The GCI distribution is expected to be taxable to Liberty Broadband and its stockholders, with Charter bearing the corporate level tax liability upon completion of the combination.
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