Liberty Broadband is the largest shareholder in Charter, the largest U.S. pay TV provider, which does business under the Spectrum brand. Its major assets include about 45.6 million shares in Charter as well as Alaskan telecommunications company GCI, which will be spun off when the acquisition of Liberty Broadband is complete.

Cable TV giant Charter Communications and Liberty Broadband Corp. have entered into a definitive agreement under which Charter has agreed to acquire Liberty Broadband, part of the empire of John Malone,