Liberty Broadband Shareholders Approve Charter-TWC Deal

Malone tracker to help finance transaction

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.

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