Charter Communications Inc. announced Wednesday an all-stock agreement to buy Liberty Broadband Corp. at better terms than were previously proposed but less than what Liberty had countered with. Under terms of the deal,

Charter Communications has announced a deal to acquire Liberty Broadband as part of an all-stock transaction. Liberty Broadband, which is controlled by American businessman John Malone, owns a 26 percent stake in broadband and cable firm Charter and Alaskan telecommunications subsidiary GCI.

Charter Communications has announced an all-stock transaction has been agreed to for the purpose of acquiring Liberty Broadband.

Charter Communications ’ long-awaited deal to buy Liberty Broadband in an all-stock transaction looks like a win for Charter investors. Charter effectively will buy Liberty Broadband, whose main asset is a roughly 26% stake in the country’s second-largest cable company,

Charter and Liberty Broadband finally agreed to a deal that implies the valuation I predicted. Click here to find out more about the CHTR-LBRDA M&A deal.