Charter Communications (NASDAQ:CHTR) shares were up 5.6% premarket on Wednesday after the company said it would buy Liberty Broadband Corporation (NASDAQ:LBRDA) in an all-stock transaction. LBRDA shares were down 2.

Charter Communications has sealed a deal to acquire John Malone's Liberty Broadband in the latest media chess move by Malone.

Charter Communications has announced a deal to acquire Liberty Broadband as part of an all-stock transaction. Liberty Broadband, which is controlled by American businessman John Malone, owns a 26 percent stake in broadband and cable firm Charter and Alaskan telecommunications subsidiary GCI.

Charter Communications has announced an all-stock transaction has been agreed to for the purpose of acquiring Liberty Broadband.

Broadband connectivity company and cable operator Charter Communications and Liberty Broadband Corporation have entered into a definitive agreement under which

Charter Communications ’ long-awaited deal to buy Liberty Broadband in an all-stock transaction looks like a win for Charter investors. Charter effectively will buy Liberty Broadband, whose main asset is a roughly 26% stake in the country’s second-largest cable company,

Charter and Liberty Broadband finally agreed to a deal that implies the valuation I predicted. Click here to find out more about the CHTR-LBRDA M&A deal.