The companies made it official Tues morning, with Liberty announcing it has entered into a definitive agreement with investment funds managed by, or affiliated with, Apollo, Oaktree Capital and Crestview Partners to acquire approximately 27.3% beneficial ownership in Charter.

Liberty will acquire 26.9mln shares and approximately 1.1mln warrants in Charter for about $2.6bln. It expects to fund the transaction with cash on hand and new loan arrangements.

“We are pleased with Charter’s market position and growth opportunities and believe that the company’s investments in its high-capacity digital network which provides digital HD and on demand television, high-speed data and voice, will benefit its customers and shareholders alike,” said John Malone, Liberty Chairman.

More in tonight’s CableFAX Daily.

The Daily

Subscribe
Thursday–September 18

Kimmel Flashpoint: Some Talking, Some Quiet as Censorship Claims Swirl

There has been plenty of venting on all sides over ABC’s decision to take “Jimmy Kimmel Live” off the air indefinitely and replacing it (at least for this week) with “Celebrity Family Feud.”

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact us at marketing@cynopsis.com, for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.