secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Broadband Corp (LBRDA)
CIK:        0001611983
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001611983-25-000007
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Broadband shareholder approves Charter merger; GCI FY revenue up 4% to $1.016B
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- Shareholders approved acquisition by Charter (0.236 Charter shares per LBRDA share); expected close June 30, 2027.
- GCI spin-off planned for summer 2025; fair value of Charter investment $15.5B at Dec 31, 2024.
- Received $205M from selling 541K Charter shares to Charter Nov-Jan; proceeds for debt service.
- GCI FY 2024 revenue $1.016B (+4%), operating income $144M, Adjusted OIBDA $362M (flat).
- No LBRDA/LBRDK buybacks Nov-Jan; $1.7B authorization restricted by merger agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611983/000161198325000007/0001611983-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611983/000161198325000007/lbrda-20250227x8k.htm
  HTML page:      https://secwatch.observer/filing/0001611983-25-000007

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