AcquisitionsApr 23, 2026, 05:02 PM
GCI Liberty Subsidiary to Acquire Quintillion for $310M Cash
AI Summary
GCI Liberty, Inc.'s wholly owned subsidiary, GCI Holdings, LLC, has entered into a Securities Purchase Agreement to acquire all equity interests in Q Gateway Intermediate Holdings, LLC (Quintillion). The acquisition involves an initial cash payment of $310 million at closing, subject to adjustments. Additionally, GCI will reimburse up to $50 million for Quintillion's capital expenditures on the Nome-to-Homer Express project and potential earn-out payments based on future revenues.
Key Highlights
- GCI Holdings, a GCI Liberty subsidiary, to acquire Quintillion.
- Initial cash consideration of $310 million at closing.
- Up to $50 million reimbursement for Nome-to-Homer Express project capex.
- Potential earn-out payments based on 2027, 2028, and 2030 revenues.