Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 654

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 654
---
 Company to their respective stockholders; (vi) certain internal information relating to the business, operations, earnings, cash flow, assets, liabilities and prospects of Parent prepared by management of Parent and furnished to us by Parent for purposes of our analysis (collectively, the “Parent Internal Data”); and (vii) certain internal information relating to the business, operations, earnings, cash flow, assets, liabilities and prospects of the Company, including certain financial forecasts, analyses and projections relating to certain assets, liabilities and corporate expenses of the Company and the performance of the business of GCI, LLC, a Delaware limited liability company and subsidiary of the Company, and its subsidiaries, prepared by management of the Company, as well as adjustments made thereto by management of Parent, and furnished to us by Parent for purposes of our analysis (collectively, the “Company Internal Data”). We have participated in discussions with members of the senior management and representatives of each of Parent and the Company regarding their assessment of the Parent Internal Data and the Company Internal Data, as appropriate, and the strategic rationale for the Transaction. In addition, we conducted such financial studies and analyses and took into account such other information as we deemed appropriate.

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#### TABLE OF CONTENTS
The Special Committee of the Board of Directors

Charter Communications, Inc.

November 12, 2024

Page 3

We have assumed, without independent verification or any responsibility therefor, the accuracy and completeness of the financial, legal, regulatory, tax, accounting and other information supplied to, discussed with, or reviewed by us for purposes of this opinion and have, with your consent, relied upon such information as being complete and accurate. In that regard, we have assumed, at your direction, that the Parent Internal Data and the Company Internal Data have been reasonably prepared on bases reflecting the best currently available estimates and judgments of the management of Parent and the Company, as applicable, as to the matters covered thereby, and we have relied, at your direction, on the Parent Internal Data and the Company Internal Data for purposes of our analysis and this opinion. We express no view or opinion as to the Parent Internal Data, the Company Internal Data or the assumptions on which any of them are based. In addition, at your direction, we have not made any independent evaluation or appraisal of any of the assets or liabilities (contingent, derivative, off-balance-sheet or otherwise) of Parent or the Company, nor have we been furnished with any such evaluation