Charter Communications has announced a deal to acquire Liberty Broadband as part of an all-stock transaction. Liberty Broadband, which is controlled by American businessman John Malone, owns a 26 percent stake in broadband and cable firm Charter and Alaskan telecommunications subsidiary GCI.

Charter Communications to acquire Liberty Broadband in all-stock transaction. Greg Maffei to step down as CEO.

Cable TV giant Charter Communications and Liberty Broadband Corp. have entered into a definitive agreement under which Charter has agreed to acquire Liberty Broadband, part of the empire of John Malone, in an all-stock transaction.

Charter Communications ’ long-awaited deal to buy Liberty Broadband in an all-stock transaction looks like a win for Charter investors. Charter effectively will buy Liberty Broadband, whose main asset is a roughly 26% stake in the country’s second-largest cable company,

Charter Communications has announced an all-stock transaction has been agreed to for the purpose of acquiring Liberty Broadband.

Liberty Media announced CEO Greg Maffei will be stepping down and Charter Communications will acquire Liberty Broadband.

Liberty Broadband is the largest shareholder in Charter, the largest U.S. pay TV provider, which does business under the Spectrum brand. Its major assets include about 45.6 million shares in Charter as well as Alaskan telecommunications company GCI, which will be spun off when the acquisition of Liberty Broadband is complete.

Charter Communications has sealed a deal to acquire John Malone’s Liberty Broadband in the latest media chess move by Malone. While far from the glitzy spotlight of Warner Bros. Discovery, Formula One or other parts of Malone’s investment portfolio,

Charter and Liberty Broadband finally agreed to a deal that implies the valuation I predicted. Click here to find out more about the CHTR-LBRDA M&A deal.