Company: LBRDK
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001140361-25-000778
Chunk: 296

Company: Liberty Broadband Corp
Filing Date: 2025-01-10
Form: PRER14A
Chunk 296
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 any tax considerations to holders who are not U.S. holders. For purposes of this discussion, the term “ U.S. holder” means a beneficial owner of shares of Liberty Broadband capital stock that, for U.S. federal income tax purposes, is:

| • | an individual who is a citizen or resident of the United States; |

| • | a corporation (or any other entity treated as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States, any state thereof, or the District of Columbia; |

| • | an estate the income of which is subject to U.S. federal income tax regardless of its source; or |

| • | a trust (a) that is subject to the primary supervision of a court within the United States and all of the substantial decisions of which are controlled by one or more U.S. persons or (b) that has a valid election in effect under applicable Treasury regulations to be treated as a U.S. person for U.S. federal income tax purposes. |

If a partnership (or an entity or arrangement treated as a partnership for U.S. federal income tax purposes) holds shares of Liberty Broadband capital stock, the tax treatment of a partner in such partnership generally will depend on the status of the partner and the activities of the partnership. Partners of partnerships holding Liberty Broadband capital stock should consult their own tax advisors. All holders of shares of Liberty Broadband capital stock should consult their own tax advisors to determine the particular tax consequences to them of the combination, including the applicability and effect of any U.S. federal, state, local, non-U.S. and other tax laws.

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#### TABLE OF CONTENTS
**U.S. Federal Income Tax Characterization of the Combination and the GCI Divestiture

Liberty Broadband and Charter intend that the combination will qualify as a “reorganization” within the meaning of Section 368(a) of the Code. It is a condition to each of Liberty Broadband’s and Charter’s obligation to complete the combination that Liberty Broadband receive a written opinion from Skadden, its special tax counsel, and that Charter receive a written opinion from Wachtell Lipton, counsel to the Charter special committee, respectively, to the effect that (i) the combination will qualify as a “reorganization” within the meaning of Section 368(a) of the Code, (ii) no gain or loss will be recognized by holders of shares of Liberty Broadband common stock pursuant to