---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-117312"
form_type: "8-K"
ticker: "LBRDA"
cik: "0001611983"
company_name: "Liberty Broadband Corp"
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T00:56:43.028631+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Liberty Broadband to merge into Charter: 0.236 share ratio, GCI spin-off ahead

## Summary
- Liberty Broadband shareholders receive 0.236 Charter Class A shares per common share; preferred shares exchanged for Charter preferred.
- Prior to closing, Liberty Broadband will spin off GCI into Spinco; Charter bears corporate-level tax on the divestiture.
- Malone and Maffei stockholders (~52% voting power) entered voting agreements to support the merger.
- Deal requires majority approvals from unaffiliated stockholders of both Liberty and Charter; includes $460M termination fee.
- Post-merger, former Liberty shareholders would own ~23% of Charter Class A common and ~24.2% of Charter voting power.

## SEC filing metadata
- accession: 0001104659-24-117312
- form_type: 8-K
- ticker: LBRDA
- cik: 0001611983
- company_name: Liberty Broadband Corp
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611983/000110465924117312/0001104659-24-117312-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611983/000110465924117312/tm2428162d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-117312
- JSON: https://secwatch.observer/filing/0001104659-24-117312.json
- Plain text: https://secwatch.observer/filing/0001104659-24-117312.txt

## Key facts
- Executive change
  John C. Malone changed role as interim Chief Executive Officer at Liberty Broadband Corp.
  - Action: assume the additional role of
  - Role: interim Chief Executive Officer
  source text: Liberty Broadband’s Chairman, Mr. Malone, will assume the additional role of interim Chief Executive Officer of Liberty Broadband at that time.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611983/000110465924117312/0001104659-24-117312-index.htm
- Executive change
  Gregory B. Maffei departed as President and Chief Executive Officer at Liberty Broadband Corp.
  - Action: stepping down
  - Role: President and Chief Executive Officer
  source text: Mr. Maffei, the President and Chief Executive Officer, and a member of the Board of Directors of Liberty Broadband, notified Liberty Broadband that he will be stepping down from these roles at the end of 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611983/000110465924117312/0001104659-24-117312-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.