GCI Liberty Shareholders Approve Proposals, Malone Restructures Stake

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2026.05.13 10:50
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GCI Liberty, Inc. shareholders approved several proposals at their annual meeting on May 11, 2026, including the re-election of two directors and the ratification of KPMG as auditor. Chairman John Malone ended talks on a larger strategic transaction but agreed to buy back GCI Liberty’s 6% stake in Liberty Latin America for $107 million. Analysts rate GLIBA stock as a Buy with a $68 price target, though concerns about near-term revenue and leverage persist. GCI Liberty operates as Alaska’s largest communications provider, focusing on enhancing statewide connectivity.