Liberty Broadband reports Q1 revenue $266M vs. $245M last year

Reports Q1 OIBDA $111M vs. $90M last year. The company said, “On November 12, 2024, Liberty Broadband (LBRDA) entered into a definitive agreement to be acquired by Charter. Holders of Liberty Broadband common stock will receive 0.236 of a share of Charter common stock per share of Liberty Broadband common stock held. In each month until the completion of the proposed combination of Charter and Liberty Broadband, Charter will repurchase $100 million of its Class A common stock from Liberty Broadband, subject to certain conditions and timing adjustments, and, if necessary, will repurchase a greater amount or provide loans to Liberty Broadband, with such proceeds to be used by Liberty Broadband to satisfy certain of its debt obligations, provided that Charter’s share repurchases do not reduce Liberty Broadband’s ownership below 25.25%. From February 1, 2025 through April 30, 2025, Liberty Broadband sold 830 thousand shares of Charter Class A common stock to Charter for total proceeds of $300 million. Such proceeds are to be used for debt service at Liberty Broadband within six months of receipt.”