John Malone’s Liberty Broadband Seeks Merger With Charter Cable

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Liberty Broadband Corp. Nyheter

Liberty Broadband,Charter Communications,Bloomberg

(Bloomberg) -- Cable billionaire John Malone’s Liberty Broadband Corp. is proposing an all-stock merger with Charter Communications Inc., one of the top pay-...

-- Cable billionaire John Malone’s Liberty Broadband Corp. is proposing an all-stock merger with Charter Communications Inc., one of the top pay-TV providers in the US and another of the media investor’s key holdings.Belfast’s Grand Central Station Creates New Era for Northern Ireland’s Public Transport

Some of Malone’s investments have registered steep declines as the pay-TV industry has lost customers to streaming and other forms of video entertainment, like YouTube. Class A shares of Liberty Broadband rose 20% to $73.50 in extended trading after the announcement. Charter shares were down less than 1%.According to the Liberty counterproposal, Charter would assume or refinance Liberty Broadband’s debt. Approval of the deal would require the consent of Liberty Broadband investors not affiliated with Malone.

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