STAMFORD, Conn. and ENGLEWOOD, Colo., Feb. 26,
2025 /PRNewswire/ -- Charter Communications, Inc.
(NASDAQ: CHTR) (along with its subsidiaries, "Charter") and Liberty
Broadband Corporation ("Liberty Broadband") (Nasdaq: LBRDA, LBRDK,
LBRDP) have announced that earlier today, Charter and Liberty
Broadband each held a special meeting of their respective
stockholders to consider proposals related to the Agreement and
Plan of Merger, dated November 12,
2024 (the "Merger Agreement"), by and among Charter, Liberty
Broadband, and certain other entities, pursuant to which Charter
will acquire Liberty Broadband. Based on the voting results,
Charter and Liberty Broadband stockholders approved each of the
proposals presented at their respective special meetings, including
the proposal to approve the Merger Agreement and related
transactions.
The companies currently expect the transaction to close on
June 30, 2027, unless otherwise
agreed, subject to the completion of the spin off of the business
of Liberty Broadband's subsidiary GCI, LLC by way of a distribution
to its stockholders, and other customary closing conditions.
About Charter
Charter Communications, Inc.
(NASDAQ:CHTR) is a leading broadband connectivity company and cable
operator with services available to nearly 57 million homes and
businesses in 41 states through its Spectrum brand. Over an
advanced communications network, the Company offers a full range of
state-of-the-art residential and business services including
Spectrum Internet®, TV, Mobile and Voice.
More information about Charter can be found at
corporate.charter.com.
About Liberty Broadband Corporation
Liberty Broadband
Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) operates and owns
interests in a broad range of communications businesses. Liberty
Broadband's principal assets consist of its interest in Charter
Communications and its subsidiary GCI. GCI provides data, mobile,
video, voice and managed services to consumer, business, government
and carrier customers throughout Alaska, serving more than 200 communities. The
company has invested $4.7 billion in
its Alaska network and facilities
over the past 45 years. Through a combination of ambitious network
initiatives, GCI continues to expand and strengthen its statewide
network infrastructure to deliver the best possible connectivity to
its customers and close the digital divide in Alaska.
Cautionary Note Regarding Forward Looking Statements
This communication includes forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Exchange Act, regarding, among other things, the proposed
transaction between Charter and Liberty Broadband. Although we
believe that our plans, intentions and expectations as reflected in
or suggested by these forward-looking statements are reasonable, we
cannot assure you that we will achieve or realize these plans,
intentions or expectations. Forward-looking statements are
inherently subject to risks, uncertainties and assumptions
including, without limitation: (i) the effect of the announcement
of the proposed transaction on the ability of Charter and Liberty
Broadband to operate their respective businesses and retain and
hire key personnel and to maintain favorable business
relationships; (ii) the timing of the proposed transaction; (iii)
the ability to satisfy closing conditions to the completion of the
proposed transaction (including regulatory approvals); (iv) the
possibility that the transactions may be more expensive to complete
than anticipated, including as a result of unexpected factors or
events; (v) the ability of Liberty Broadband to consummate the
spin-off of its GCI business; (vi) litigation relating to the
proposed transaction; (vii) other risks related to the completion
of the proposed transaction and actions related thereto; and (viii)
the factors described under "Risk Factors" from time to time in
Charter's and Liberty Broadband's filings with the SEC. Many
of the forward-looking statements contained in this communication
may be identified by the use of forward-looking words such as
"believe," "expect," "anticipate," "should," "planned," "will,"
"may," "intend," "estimated," "aim," "on track," "target,"
"opportunity," "tentative," "positioning," "designed," "create,"
"predict," "project," "initiatives," "seek," "would," "could,"
"continue," "ongoing," "upside," "increases," "grow," "focused on"
and "potential," among others.
All forward-looking statements speak only as of the date they
are made and are based on information available at that time.
Charter assumes no obligation to update forward-looking statements
to reflect circumstances or events that occur after the date the
forward-looking statements were made or to reflect the occurrence
of unanticipated events except as required by federal securities
laws. As forward-looking statements involve significant risks and
uncertainties, caution should be exercised against placing undue
reliance on such statements.
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SOURCE Charter Communications, Inc.
