CharterCommunications has sealed a deal to acquireJohn MalonesLiberty Broadbandin the latest media chess move by Malone.
While it is far from the glitzy spotlight of Warner Bros. Malone is also a major shareholder in Charter, the No.
1 pay-TV provider in the U.S. as well as a major broadband distributor.
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We are pleased to announce this agreement today with Liberty Broadband.
We look forward to their continued partnership and support in the coming years in driving value for our shareholders.
Malone said the deal will rationalize Liberty Broadbands trading discount and ultimately provide our shareholders with enhanced liquidity.
I look forward to that continued upside, and to holding Charter shares after the merger closing.
