Potter Anderson Advises Liberty Interactive in $1.12 Billion Acquisition of General Communication

Liberty Interactive Corporation and General Communication, Inc. have entered into a definitive agreement whereby Liberty Interactive will acquire GCI through a $1.12 billion reorganization in which certain Liberty Ventures Group assets and liabilities will be contributed to GCI in exchange for a controlling interest in GCI. Liberty Interactive will then effect a tax-free separation of its controlling interest in the combined company to the holders of Liberty Ventures common stock in full redemption of all outstanding shares of such stock.

The Potter Anderson team was led by partners Michael B. Tumas, Michael K. Reilly and associate David B. DiDonato.

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Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm centers its practice on corporate and alternative entity law and litigation, commercial litigation, bankruptcy, intellectual property, labor and employment, and real estate.