M&A · Tech · Cable & Other Pay Television Services
Charter Communications, Inc. to acquire Liberty Broadband Corp
Announced Nov 13, 2024 · Closed Jun 25, 2026
Deal value—
Premium25.5%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$78.26 per share
Transaction
- Acquirer
- Charter Communications, Inc. (CHTR)
- Target
- Liberty Broadband Corp (LBRDA)
- Buyer type
- Strategic
- Offer price per share
- $78.26
- Enterprise value
- —
- Status
- Closed Jun 25, 2026
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Centerview, Citigroup
- To the target
- JPMorgan
- Citigroup fee
- $20.0M
Sector context · Tech
- Comparable deals
- 58 in the prior 24 months
- Premium
- 25.5% vs. 41.6% sector median
- EV / Adj. EBITDA
- Sector median 15.5x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedNov 13, 2024
- Proxy filedDec 13, 2024
- Definitive proxyJan 22, 2025
- Shareholder voteFeb 26, 2025
- ClosedJun 25, 2026
Valuation · fairness opinions
Other analysis$84.31$103.79
Other analysis$78.26$93.47
Offer $78.26
Implied value per Liberty Broadband Corp share by analysis, from Citigroup.