April 4 Liberty Interactive Corp said
on Tuesday it would buy Alaska-based telecoms firm General
Communication Inc for $1.12 billion.
Liberty Interactive will pay $32.50 per General
Communication share, representing a premium of 58.1 percent to
the stock's close on Monday.
General Communication provides residential and business
telecommunications services in Alaska.
Liberty Interactive owns interests in companies that are
primarily engaged in video and digital commerce industries.
(Reporting by Aishwarya Venugopal in Bengaluru)