Charter Communications announced the completion of its previously disclosed transactions with Liberty Broadband Corporation and Cox Enterprises, Inc., effective August 19, 2026. These transactions involve a merger with Liberty Broadband and the acquisition of Cox's commercial and residential cable businesses.
Key Details
- Liberty Broadband Merger: Charter acquired Liberty Broadband in a merger where each share of Liberty common stock was converted into 0.236 of a share of Charter Class A common stock. This resulted in a net decrease of approximately 4.7 million outstanding Charter shares.
- Cox Enterprises Transaction: Charter acquired Cox's commercial fiber and IT services businesses for $3.5 billion in cash. Cox also contributed its residential cable business to Charter Holdings in exchange for $724 million in cash, 60.0 million convertible preferred units ($6.0 billion liquidation preference), and 33.6 million common units. Charter will also assume approximately $12 billion of Cox's debt.
- Board & Governance Changes: Three Cox designees were appointed to Charter's Board of Directors. Alexander C. Taylor, Chairman and CEO of Cox Enterprises, has been appointed as Chairman of the Charter Board for an initial three-year term.