BRIEF-Liberty Broadband And Gci Liberty Announce Proposed Combination

Gci Liberty Inc GLIBA.O :

* LIBERTY BROADBAND AND GCI LIBERTY ANNOUNCE PROPOSED COMBINATION

* LIBERTY BROADBAND CORP - CO HAS AGREED TO ACQUIRE GCI LIBERTY IN A STOCK-FOR-STOCK MERGER

* LIBERTY BROADBAND CORP - INCREASED REPURCHASE AUTHORIZATION BY $1 BILLION

* LIBERTY BROADBAND CORP - DEAL ACCRETIVE TO NAV PER SHARE

* LIBERTY BROADBAND CORP - EACH HOLDER OF GLIBA WILL RECEIVE 0.580 OF A SHARE OF LBRDK IN DEAL

* LIBERTY BROADBAND CORP - EACH HOLDER OF GLIBB WILL RECEIVE 0.580 OF A SHARE OF LBRDB IN DEAL

* LIBERTY BROADBAND CORP - CASH TO BE ISSUED IN LIEU OF FRACTIONAL SHARES IN DEAL

* LIBERTY BROADBAND CORP - COMPANIES EXPECT COMBINATION TO CLOSE IN FIRST HALF OF 2021

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