Potter Anderson Advises Liberty Broadband Corporation in Acquisition by Charter Communications, Inc.

Charter Communications, Inc. and Liberty Broadband Corporation have entered into a definitive agreement under which Charter has agreed to acquire Liberty Broadband in an all-stock transaction.

Liberty Broadband’s principal assets currently consist of approximately 45.6 million common shares of Charter and its subsidiary GCI, LLC (GCI), Alaska’s largest communications provider. Under the terms of the agreement, Liberty Broadband has agreed to spin off its GCI business by way of a distribution to the stockholders of Liberty Broadband prior to the closing of the acquisition of Liberty Broadband by Charter. As a result of the transaction, Charter expects to retire the approximately 45.6 million Charter shares currently owned by Liberty Broadband and to issue approximately 34.0 million shares to holders of Liberty Broadband common stock at the closing.

Potter Anderson & Corroon LLP acted as Delaware counsel to Liberty Broadband. The team included partners Michael Tumas and Roxanne Houtman along with associates Evan Hockenberger and Olivia Arasim.

About Potter Anderson

Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.