Charter Communications, Inc. (NASDAQ: CHTR) and Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP) recently announced that their respective stockholders have approved the agreement and plan of merger, dated November 12, 2024. The approval includes the proposal to approve the merger agreement and related transactions. The companies anticipate the transaction to close on June 30, 2027, subject to the completion of the spin-off of the business of Liberty Broadband's subsidiary GCI, LLC, and other customary closing conditions.
Charter Communications, Inc. (NASDAQ: CHTR) currently provides services to nearly 57 million homes and businesses in 41 states through its Spectrum brand. Its comprehensive range of residential and business services includes Spectrum Internet®, TV, mobile, and voice.
Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP) operates and owns interests in various communications businesses, with its principal assets being its interest in Charter Communications and its subsidiary GCI. GCI offers data, mobile, video, voice, and managed services to consumers, businesses, government, and carrier customers throughout Alaska, serving over 200 communities.
These developments suggest a significant milestone for both companies as they move forward with the merger agreement and related transactions. The approval by the stockholders signifies a crucial step toward the anticipated closing of the transaction.
The companies' investments and initiatives in their respective networks and services reflect their commitment to providing advanced and comprehensive communication solutions to their customers. These efforts also demonstrate their dedication to enhancing connectivity and addressing the digital divide in the regions they serve. As a result of these announcements, the company's shares have moved 0.7% on the market, and are now trading at a price of $355.88. For the full picture, make sure to review Charter Communications's 8-K report.
