Charter to acquire Liberty Broadband in a $17.88bn deal.

Charter Communications, an American telecommunications and mass media company, agreed to acquire Liberty Broadband, a media company, in a $17.88bn deal. Under the terms of the agreement, each holder of Liberty Broadband Series A common stock, Series B common stock, and Series C common stock will receive 0.236 of a share of Charter common stock per share of Liberty Broadband common stock held, with cash to be issued in lieu of fractional shares. "We are pleased to announce this agreement today with Liberty Broadband. I am grateful for Liberty Broadband's strategic partnership since 2013, and particularly for the support of John Malone, Greg Maffei and our Liberty Broadband nominated board members. We look forward to their continued partnership and support in the coming years in driving value for our shareholders," Chris Winfrey, Charter President and CEO.