In March 2013, Liberty Media Corp. agreed to purchase a 27.3% stake in Charter Communications (NASDAQ: CHTR) for $2.62B. At the time, the deal included about 26.9 million shares and 1.1 million warrants for $95.50 a share.
In September 2014, Liberty Media spun off its cable businesses into a new unit, Liberty Broadband.
Then, in May 2016, Charter acquired both Time Warner Cable and Bright House Networks, quadrupling the number of customers and becoming the second-largest cable company in the US after Comcast (CMCSA).
Charter is now trading at around $495, so Liberty’s original