Liberty Broadband To Buy Telecom Co., Evite Owner For $8.7B

By Sierra Jackson (August 6, 2020, 9:35 PM EDT) -- Spectrum shareholder Liberty Broadband said Thursday it has agreed to purchase GCI Liberty, the parent company for Alaska's largest communications provider and digital event planner Evite, in a stock-for-stock transaction that values GCI Liberty at $8.7 billion, with guidance from Morris, Baker Botts, Skadden and Debevoise.

Debevoise & Plimpton LLP-guided Liberty Broadband Corp. and GCI Liberty Inc, advised by Morris Nichols Arsht & Tunnell LLP, Baker Botts LLP as regular outside counsel and Skadden Arps Slate Meagher & Flom LLP on tax matters, first revealed merger plans to the U.S. Securities and Exchange Commission in late June. At the time, the...

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