Liberty Broadband in all-stock merger talks with Charter; GCI Q3 revenue +9% to $262M

Liberty Broadband Corp

Fair value of Charter investment $14.8B; sold 225k shares to Charter for $74M; 26% equity maintained.
GCI Q3 revenue $262M (+9% YoY), operating income $42M (+40%), Adjusted OIBDA $100M (+12%).
Proposed all-stock combination with Charter to rationalize dual structure; no definitive terms agreed.
No share repurchases; remaining authorization $1.7B as of Oct 31, 2024.
GCI business revenue up 16% on school/healthcare upgrades; consumer data revenue +4%.

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