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Charter to buy Liberty Broadband in all-stock deal

Summary by WTVB
(Reuters) – Cable operator Charter Communications has agreed to buy Liberty Broadband in an all-stock deal, the companies said on Wednesday. Liberty Broadband, which is controlled by U.S. cable pioneer John Malone, owns a 32.05% stake in Charter, according to data compiled by LSEG. Liberty Broadband had a market value of about $14 billion, according to LSEG data Charter faces intense competition as wireless majors including AT&T and Verizon …
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