Liberty Broadband Completes Spin-Off of GCI Liberty, Appoints New CEO and Price Target at $115.00

Liberty Broadband Corporation has completed the spin-off of GCI Liberty, resulting in GCI Liberty becoming an independent publicly traded company. Martin E. Patterson has been appointed as President and CEO of Liberty Broadband, succeeding John C. Malone. The company scores well due to its robust financial performance and positive corporate developments, but investors should monitor cash flow and service disruptions.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) has successfully completed the spin-off of GCI Liberty, Inc. (Nasdaq: GLIBA, GLIBK), marking the creation of an independent publicly traded company. The spin-off, which occurred on July 14, 2025, at 4:30 p.m. New York City time, has resulted in Liberty Broadband and GCI Liberty operating as separate entities [1].

In conjunction with the spin-off, Marty E. Patterson was appointed as President and CEO of Liberty Broadband. Patterson, who also serves as Senior Vice President of Liberty Media Corporation and Co-Head of Corporate Development, has extensive experience and has been a board member of Charter Communications, Inc. since April 2025. John C. Malone, the former President and CEO of Liberty Broadband, will remain as Chairman of the Boards of both Liberty Broadband and GCI Liberty [1].

GCI Liberty, Inc. operates GCI, LLC, which provides data, mobile, voice, and managed services to customers in Alaska. With over $4.7 billion invested in its network and facilities over the past 45 years, GCI continues to expand and strengthen its infrastructure to enhance connectivity and bridge the digital divide in the state [1].

Liberty Broadband's Series A, B, and C common stocks, as well as its Series A Cumulative Redeemable preferred stock, will continue trading or being quoted on their respective markets until the consummation of the previously announced merger with Charter Communications, Inc. [1]. The merger is expected to occur contemporaneously with the combination of Charter's and Cox Communications' businesses.

Investors should closely monitor the cash flow and potential service disruptions that may arise from the spin-off and merger activities. Despite the robust financial performance and positive corporate developments, the company's financial stability and operational continuity remain key concerns.

References:
[1] https://www.marketscreener.com/quote/stock/LIBERTY-BROADBAND-CORPORA-18445409/news/Liberty-Broadband-Corporation-Completes-Spin-Off-of-GCI-Liberty-Inc-50505353/