Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 655

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 655
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 the Exchange Ratio provided for pursuant to the Agreement is fair, from a financial point of view, to Parent.

| Very truly yours,           |
| /s/ CENTERVIEW PARTNERS LLC |
| CENTERVIEW PARTNERS LLC     |

J-4

#### TABLE OF CONTENTS

#### Annex K
388 Greenwich Street

New York, NY 10013

November 12, 2024

The Board of Directors

Charter Communications, Inc.

400 Washington Blvd.

Stamford, CT 06902

Members of the Board:

You have requested our opinion as to the fairness, from a financial point of view, to Charter Communications, Inc. (“Charter”) of the Exchange Ratio (as defined below) set forth pursuant to the terms and subject to the conditions set forth in an Agreement and Plan of Merger (the “Merger Agreement”) proposed to be entered into by and among Charter, Fusion Merger Sub 1, LLC, a wholly owned subsidiary of Charter (“Merger LLC”), Fusion Merger Sub 2, Inc., a wholly owned subsidiary of Merger LLC (“Merger Sub”), and Liberty Broadband Corporation (“Liberty Broadband”). As more fully described in the Merger Agreement, Merger Sub will be merged with and into Liberty Broadband (the “LB Merger”) and, following the LB Merger, Liberty Broadband will be merged with and into Merger LLC (the “Upstream Merger” and together with the LB Merger, the “Merger”). The Merger Agreement further contemplates that, as a condition to the closing of the Merger, Liberty Broadband will have effected a divestiture (the “GCI Divestiture”) of the GCI Business (as defined in the Merger Agreement) by way of a dividend to its stockholders (unless Charter consents to different terms) in accordance with the principles set forth therein.

Pursuant to the LB Merger (other than (i) shares of LB Common Stock (as defined below) or LB Preferred Stock (as defined below) held by Liberty Broadband as treasury stock or by any of its wholly owned subsidiaries or owned by Charter or any of its wholly owned subsidiaries or (ii) shares of LB Series B Common Stock (as defined below) as to which the holder has properly demanded appraisal rights in accordance with Section 262 of the Delaware General Corporation Law):

(i) each issued and outstanding share of Series A common stock, par value $0.01 per share (“