GCI Liberty, Inc. Announces Equity Investment in Liberty Latin America
GCI Liberty purchased an approximate 6% equity stake in Liberty Latin America for $107 million in cash, acquiring shares from Searchlight Capital Partners at a price of $8.63 per share. The company also announced it is in discussions with Chairman Dr. John Malone to acquire additional high-vote Class B shares, potentially paying with newly issued Series C common stock of GCI Liberty.
Key figures
- Deal Value Usd
- 107000000
- Ownership stake percent
- 6%
- Price per share class c
- 8.63
- Shares purchased class a
- 61,000
- Shares purchased class c
- 12.3 million
- Malone voting interest lla percent
- 27%
- Malone voting interest gcil percent
- 54%
AI analysis
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