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Liberty Broadband and GCI Liberty Announce Closing of Combination

Press release content from Business Wire. The AP news staff was not involved in its creation. Liberty Broadband and GCI Liberty Announce Closing of Combination December 18, 2020 GMT ENGLEWOOD, Colo. (BUSINESS WIRE) Dec 18, 2020 Liberty Broadband Corporation (“Liberty Broadband”) (NASDAQ: LBRDA, LBRDK, LBRDP) and GCI Liberty, Inc. (“GCI Liberty”) (NASDAQ: GLIBA, GLIBP) each announced that Liberty Broadband has closed its acquisition of GCI Liberty via a stock-for-stock merger (the “combination”). “We are pleased to have closed Liberty Broadband’s acquisition of GCI Liberty. This process was driven by independent special committees of each company, and we are confident that the transaction will unlock value and benefit the shareholders of both companies,” said Greg Maffei, Liberty Broadband President and CEO.

Liberty Broadband and GCI Liberty Announce Preliminary Results of Stockholder Meetings; Indicate Stockholders Approve Combination

Share: Liberty Broadband Corporation ( Liberty Broadband ) (NASDAQ:LBRDA, LBRDK)) and GCI Liberty, Inc. ( GCI Liberty ) (NASDAQ:GLIBA, GLIBP)) each announced the preliminary voting results from their respective special meetings held earlier today. The preliminary vote tallies from the special meetings indicate that GCI Liberty and Liberty Broadband stockholders approved the adoption of the merger agreement governing the combination of Liberty Broadband and GCI Liberty, and, in addition, Liberty Broadband stockholders approved the issuance of Liberty Broadband common and preferred stock in connection with the combination. These approvals, which include the approval of the merger agreement by a majority of the voting power held by the unaffiliated holders of each of GCI Liberty and Liberty Broadband, are the only requisite stockholder approvals needed by either company in connection with the combination.

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