Reported 14 days ago
Liberty Broadband, a major player in cable led by billionaire John Malone, is in talks to merge with Charter Communications, which Malone also holds significant shares in. Following the news of the merger proposal, Liberty Broadband's stock surged by 25%, while Charter experienced a slight decline. The merger aims to simplify Malone's investments and enhance liquidity between the two companies. If approved, Liberty shareholders would receive shares of Charter in a tax-free exchange, with the deal slated to close by June 30, 2027.
Source: YAHOO