Charter Communications Files 8-K Report Detailing Merger Transaction with Liberty Broadband

Charter Communications, Inc. recently submitted a Form 8-K to the Securities and Exchange Commission (SEC) on December 13, 2024, announcing details about its forthcoming merger with Liberty Broadband Corporation. According to the filing, the merger agreement, executed on November 12, 2024, involves a strategic combination between Charter, Liberty Broadband, Fusion Merger Sub 1, LLC, and Fusion Merger Sub 2, Inc.

The merger aims to consolidate the operations of Liberty Broadband into Charter through a series of transactions, including the merger of Fusion Merger Sub 2, Inc. with Liberty Broadband. This arrangement would result in Liberty Broadband becoming a wholly-owned subsidiary of Charter post-merger.

The filing also highlights that as part of this merger, Liberty Broadband is set to divest its GCI business through a distribution to its stockholders before the merger’s finalization. Charter plans to retire approximately 45.6 million shares of Charter Class A common stock currently held by Liberty Broadband and issue around 34.0 million shares of Charter Class A common stock to Liberty Broadband stockholders, leading to a reduction in Charter Class A common stock outstanding by approximately 11.5 million shares.

In conjunction with the merger, Charter submitted unaudited pro forma condensed combined financial statements for the nine months ended September 30, 2024, and the year ended December 31, 2023. These pro forma financial statements aim to showcase the potential financial impact of the merger on Charter’s financial position and operations. The company believes that presenting this information offers investors greater transparency and supplement data related to Charter’s pro forma financial standing post-merger based on historical financial statements and adjustments.

The SEC filing also reinforces that the information provided regarding the merger transaction and the pro forma financials is intended for informational purposes and is

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Charter Communications’s 8K filing here.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.