Liberty Broadband Corporation has announced an upcoming spin-off transaction involving its wholly owned subsidiary, GCI Liberty, Inc. The transaction will include the contribution of the GCI Business by Liberty Broadband to GCI Liberty, followed by the divestiture of GCI Liberty through a distribution to Liberty Broadband's shareholders. This move aims to facilitate the creation of a new stock fund under the GCI 401(k) Plan. The exact timing of the distribution and the associated blackout period is not yet determined, but it is anticipated to occur in the summer of 2025, possibly between early June and late August.
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