Liberty Broadband Soars: GCI Spin-Off Boosts Stocks!
Friday, Jun 6, 2025 2:30 pm ET1min read
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Liberty Broadband Corporation rose 1.09% in intraday trading, following the announcement of a definitive agreement to be acquired by CharterCHTR--. The transaction is expected to close contemporaneously with Charter's combination with Cox Communications. Additionally, Liberty BroadbandLBRDK-- has agreed to spin off its GCI business, which will be owned by a new entity called GCI LibertyGCI--, Inc., by way of a distribution to Liberty Broadband common stockholders. The spin-off is expected to occur late Q2-25 to early Q3-25, with each Liberty Broadband shareholder expected to receive 0.2 shares of GCI Liberty's Series A, B, and C GCI Group common.
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