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Last Trade
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Last Trade:
$154.27
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Change:
-1.25 (-0.80%)
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Trade Time:
04:00 PM EST
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Market Cap:
$32.14B
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Description of Business
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During May 2014, the board of directors of Liberty Media Corporation and its
subsidiaries ("Liberty") authorized management to pursue a plan to spin-off to
its stockholders common stock of a wholly-owned subsidiary, Liberty Broadband
Corporation ("Liberty Broadband" or the "Company"), and to distribute
subscription rights to acquire shares of Liberty Broadband's common stock (the
"Broadband Spin-Off"). Liberty Broadband was formed in 2014 as a Delaware
corporation. At the time of the Broadband Spin-Off, Liberty Broadband was
comprised of, (i) Liberty's former interest in Charter Communications, Inc.
("Legacy Charter"), (ii) Liberty's former wholly-owned subsidiary
TruePosition, Inc. ("TruePosition"), (iii) Liberty's former minority equity
investment in Time Warner Cable, Inc.
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