Liberty Completes $2.6B Charter Purchase; John Malone Among Board Additions

Related: Liberty To Pay $2.62B For 27.3% Of Charter

STAMFORD, Conn. & ENGLEWOOD, Colo. (May 1, 2013) –Charter Communications, Inc. (Nasdaq: CHTR) (“Charter”) and Liberty Media Corporation (Nasdaq: LMCA, LMCB) (“Liberty”) announced today that Liberty has completed its previously announced agreement with investment funds managed by, or affiliated with, Apollo Management, Oaktree Capital Management and Crestview Partners to acquire 26.9 million shares and 1.1 million warrants in Charter Communications, Inc. for $2.6 billion, which represents a 27.3% beneficial ownership in Charter using shares outstanding as of December 31, 2012, and a price per share of $95.50. (more…)

This article was printed from https://deadline.com/2013/05/liberty-completes-charter-stake-purchase-488223/