Liberty Media has completed its acquisition of $2.6 billion...
Liberty Media has completed its acquisition of $2.6 billion worth of shares of Charter Communications, representing a 27.3 percent “beneficial ownership” of the cable provider, according to a release from Liberty Wednesday (http://bit.ly/13N6wux). The release said the deal is the…
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result of a previously announced (CD March 20 p16) stockholders’ agreement that allows Liberty to designate four directors to be appointed to the Charter board. The release said that with the deal’s completion, Liberty Chairman John Malone, Liberty CEO Gregory Maffei, Liberty Global Chief Technology Officer Balan Nair, and Barnes & Noble Chief Financial Officer Michael Huseby have been appointed to Charter’s board of directors.