Deal on: Liberty Media (LMCA) will take a 27.3% stake in Charter Communications (CHTR) by paying...

|About: Liberty Media Corp (LMCA)|By:, SA News Editor

Deal on: Liberty Media (LMCA) will take a 27.3% stake in Charter Communications (CHTR) by paying $95.50 per share for a deal price of $2.617B if board approval is granted. As part of the proposed deal, Liberty will nab four spots on Charter's board. (Previous CHTR-LMCA: I, II)