Liberty Broadband (LBRDA), GCI Liberty (GLIBA) weigh all-stock merger

POTENTIAL DEAL DETAILS

A special committee of independent and disinterested directors formed by the board of directors of Liberty Broadband Corporation (LBRDA), a Delaware corporation, and a special committee of independent and disinterested directors formed by the board of directors of GCI Liberty, Inc. (GLIBA), a Delaware corporation, have informed Liberty Broadband and GCI Liberty that the special committees have reached a preliminary understanding regarding a possible exchange ratio for a potential business combination transaction between Liberty Broadband and GCI Liberty, in which Liberty Broadband would acquire all of the outstanding shares of Series A common stock, Series B common stock, and Series A Cumulative Redeemable Preferred Stock, of GCI Liberty in a stock-for-stock merger.

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