CONSENT OF EVERCORE GROUP L.L.C.
October 15, 2020
The Special Committee of the Board of Directors
The Board of Directors
GCI Liberty, Inc.
12300 Liberty Boulevard
Englewood, CA 80112
Members of the Special Committee and of the Board of Directors:
We hereby consent to the inclusion of our opinion letter, dated August 6, 2020, to the Special Committee of the Board of Directors of GCI Liberty, Inc. (“GCI Liberty”) and the Board of Directors of GCI Liberty as Annex C to, and the references thereto under the captions “Questions & Answers”, “Special Factors—Background of the Combination”, “Special Factors—Position of Liberty Broadband, Merger LLC and Merger Sub as to the Fairness of the Combination”, “Special Factors—GCI Liberty’s Purpose and Reasons for the Combination; Recommendations of the GCI Liberty Special Committee and GCI Liberty Board of Directors; Fairness of the Combination”, “Special Factors—Opinion of the GCI Liberty Special Committee’s Financial Advisor”, “Special Factors—Position of Mr. Malone as to the Fairness of the Combination”, and “Risk Factors—Risks Related to the Combination” in Amendment No. 1 to the joint proxy statement/prospectus included in the Registration Statement on Form S-4 filed by Liberty Broadband Corporation (“Liberty Broadband”) with the U.S. Securities and Exchange Commission on October 15, 2020 (the “Registration Statement”) and relating to the proposed combination involving GCI Liberty, Liberty Broadband and certain wholly owned subsidiaries of Liberty Broadband.
Notwithstanding the foregoing, it is understood that our consent is being delivered solely in connection with the filing of the Registration Statement and that our opinion letter is not to be used, circulated, quoted or otherwise referred to for any other purpose, nor is it to be filed with, included in or referred to in whole or in part in any registration statement (including any subsequent amendments to the Registration Statement), joint proxy statement/prospectus or any other document, except in accordance with our prior written consent. In giving such consent, we do not thereby admit that we are experts with respect to any part of such Registration Statement within the meaning of the term “expert” as used in, or that we come within the category of persons whose consent is required under, the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.
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Very truly yours, | |
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EVERCORE GROUP L.L.C. | |
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By: |
/s/ Justin A. Singh |
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Justin A. Singh |
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Managing Director |