On November 13, 2024, Charter Communications and Liberty Broadband Corporation announced that they have entered into a definitive agreement under which Charter has agreed to acquire Liberty Broadband in an all-stock transaction. Under the terms of the agreement, each holder of Liberty Broadband Series A common stock, Series B common stock, and Series C common stock will receive 0.236 of a share of Charter common stock per share of Liberty Broadband common stock held. Liberty Broadband's principal assets currently consist of approximately 45.6 million common shares of Charter and its subsidiary GCI, Alaska's largest communications provider. Liberty Broadband has agreed to spin off its GCI business prior to the closing of the acquisition of Liberty Broadband by Charter.

The transaction was unanimously recommended to the Charter board of directors for approval by a Special Committee composed of independent, disinterested directors. Wilson Sonsini Goodrich & Rosati advised Centerview Partners LLC, the independent financial advisor to the Special Committee.

The Wilson Sonsini team that advised Centerview Partners on the transaction includes:

Rob Ishii
Doug Schnell
Remi Korenblit
Amy Simmerman
Nikkisha Smith Howard
Kaleigh Hawkins-Schulz

For more information, please see Charter Communications and Liberty Broadband's joint news release. Additional coverage can be found on The Wall Street Journal.