Derek Chang
On May 22, 2025, Derek Chang was appointed to the board of directors (the “Board”) of Liberty Broadband Corporation (“Liberty”), effective immediately.
Highest-materiality recent filing
Liberty Broadband borrows $359M from Charter; subsidiary waives margin loan adjustment rights
Initial term loan of $359M from Charter at Term SOFR + 2.00%, maturing ~6 months after merger close or termination.
Liberty Broadband amends stockholder agreement with Charter and Advance/Newhouse Partnership
On March 5, 2026, Charter, Liberty Broadband, and Advance/Newhouse entered into a letter agreement amending liquidity calculation periods and repurchase timing.
Liberty Broadband CLO/CAO Renee Wilm steps down to become Senior Advisor
Renee L. Wilm transitions from Chief Legal Officer and Chief Administrative Officer effective later this year.
Liberty Broadband completes GCI Liberty spin-off; appoints new CEO; provides pro forma financials
Spin-off effective July 14, 2025; distribution of 0.20 GCI Liberty share per Liberty Broadband share.
SEC declares effective GCI Liberty spin-off registration; final prospectus filed
Registration statement for GCI Liberty dividend declared effective by SEC on June 23, 2025.
Liberty Broadband sets June 30 record, July 14 distribution for GCI Liberty spin-off
Record date: 5:00 p.m. ET on June 30, 2025; distribution date: 4:30 p.m. ET on July 14, 2025.
Liberty Broadband accelerates Charter acquisition to coincide with Charter-Cox deal
Liberty Broadband agreed to a side letter accelerating its acquisition by Charter to close alongside Charter's Cox combination.
Liberty Broadband Q1: GCI revenue up 9% to $266M; spin-off on track
GCI revenue $266M (+9% YoY), operating income $56M (+51%), Adjusted OIBDA $111M (+23%).
Liberty Broadband shareholder approves Charter merger; GCI FY revenue up 4% to $1.016B
Shareholders approved acquisition by Charter (0.236 Charter shares per LBRDA share); expected close June 30, 2027.
Liberty Broadband and Charter stockholders approve acquisition; expected close June 30, 2027
Stockholders approved Merger Agreement under both Majority and MoM voting standards with 33,866,884 and 13,331,569 votes for respectively.
Liberty Broadband issues supplemental proxy disclosures to address merger lawsuits
Purported stockholder demand letters and two lawsuits filed in NY state court allege omissions in merger proxy statement.
Liberty Broadband sets Feb 26 special meeting to vote on Charter merger
Special meeting on Feb 26, 2025 at 11:30 a.m. MT to approve merger with Charter Communications.
Liberty Broadband to merge into Charter: 0.236 share ratio, GCI spin-off ahead
Liberty Broadband shareholders receive 0.236 Charter Class A shares per common share; preferred shares exchanged for Charter preferred.
Liberty Broadband in all-stock merger talks with Charter; GCI Q3 revenue +9% to $262M
Fair value of Charter investment $14.8B; sold 225k shares to Charter for $74M; 26% equity maintained.
Liberty Broadband counters Charter with all-stock merger at 0.2900 ratio, closing by June 2027
Liberty Broadband submits counterproposal to Charter Special Committee for an all-stock, tax-free combination.
Liberty Broadband Q2 GCI revenue flat at $246M; $860M debenture issuance in July
GCI Q2 revenue flat at $246M; operating income $30M (-6% YoY); Adjusted OIBDA $86M (-7% YoY).
Liberty Broadband closes $860M exchangeable debenture offering, repays $540M margin loan
Closed private offering of $860M 3.125% exchangeable senior debentures due 2054, exchangeable for Charter common stock.
Liberty Broadband prices $800M upsized 3.125% exchangeable debentures due 2054
Upsized private offering of $800M principal; initial purchasers have option to buy additional $120M.
Liberty Broadband proposes $500M exchangeable senior debentures due 2054
$500M principal ($575M with option) exchangeable for Charter Class A common stock.
On May 22, 2025, Derek Chang was appointed to the board of directors (the “Board”) of Liberty Broadband Corporation (“Liberty”), effective immediately.
Liberty Broadband’s Chairman, Mr. Malone, will assume the additional role of interim Chief Executive Officer of Liberty Broadband at that time.
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.
Albert E. Rosenthaler notified Liberty Broadband Corporation (the “Company”) of his intention to retire from his position as Chief Corporate Development Officer of the Company, effective January 1, 2024.
Max materiality 1.00 · Median 0.30 · Most common event other_material