Malone’s Liberty Broadband Proposes Merger With Charter Cable

Cable billionaire John Malone’s Liberty Broadband Corp. is proposing an all-stock merger with Charter Communications Inc., one of the top pay-TV providers in the US and another of the media investor’s key holdings.

In a statement Monday, Liberty said it’s proposing the deal in response to an initial merger proposal from a special committee of Charter directors.

The merger would combine two public companies in which Malone holds significant interests. He has a 49% voting stake in Liberty Broadband, which already holds a 29% interest in Charter and also operates an Alaskan telecom company.

Under the terms of ...