Potter Anderson Advises Liberty Broadband on Proposed Merger With GCI Liberty
Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK) and GCI Liberty, Inc. (NASDAQ: GLIBA, GLIBP) have entered into a definitive merger agreement under which Liberty Broadband has agreed to acquire GCI Liberty in a stock-for-stock merger. Liberty Broadband’s businesses consist of its interest in Charter Communications, Inc. and its subsidiary Skyhook. GCI Liberty’s principal assets consist of its subsidiary GCI Holdings, LLC and non-controlling interests in Liberty Broadband, Charter Communications, Inc., and LendingTree, Inc. The transaction is expected to close in the first half of 2021.
Potter Anderson’s team served as Delaware counsel to Liberty Broadband and included partners Michael Tumas, Michael Reilly and David DiDonato.