Liberty Broadband Shareholders Approve Charter-TWC Deal

Malone Tracker to Help Finance Transaction
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Liberty Broadband, the tracking stock that includes Liberty Media’s interest in Charter Communications, said its shareholders have approved transactions geared to raise about $4.3 billion for Charter’s pending purchase of Time Warner Cable.

Back in May, Liberty Broadband agreed to sell about $4.3 billion of newly issued shares to third parties to raise the money to buy shares in the newly combined Charter-TWC.

Liberty Media spun off Liberty Broadband last year.

Shareholders of both Charter and Time Warner Cable approved their $78.7 billion merger in two separate special meetings on Sept. 21. The deal, currently going through the regulatory approval process, is expected to close by the end of the year.

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