Charter Communications to spin off GCI in a deal to purchase Liberty Broadband

Charter Communications, in the middle of purchasing the parent company of GCI, has decided that GCI will not be part of the deal. GCI, a homegrown Alaska company, was purchased by Liberty in 2020. But Charter wants it to be spun off as a stand-alone public company before the deal closes in 2027. Liberty Broadband will distribute the GCI business among its shareholders.

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