![]() ![]() ![]() GCI Liberty will be incorporated in Delaware, a common practice for corporations given the state's business-friendly tax and regulatory structures, but GCI itself will remain headquartered in Alaska. What that would mean for the company's tax obligations in Alaska are unclear at this point, said Ken Alper, director of the state's tax division.ĭuncan and Liberty CEO John Malone have ties dating to the early years of GCI, a company Duncan founded in 1979 from an apartment in the Anchorage neighborhood of Bootlegger Cove. That's what I do and what I've done for 40 years." We have an ambitious plan to continue to grow the company. "I'm still CEO of GCI up here and my principal focus is on executing GCI's business plan. "Most of what I'm doing will remain the same," said Duncan. Sponsorships, such as support of the Great Alaska Shootout, will remain in place.Ī new CEO of GCI Liberty will be in charge, but Duncan said his title will not change, GCI's existing management team will remain in place and the sale will not affect employee numbers. ![]() GCI CEO Ron Duncan does not anticipate any changes to the management or operation of the company's Alaska products and consumer services, which include digital cable, wireless and home phones, internet and television stations. The deal will have other effects for Liberty Interactive, splitting it into two new companies: GCI Liberty and QVC Group Inc., after the conglomerate's home shopping business. The most immediate and obvious change, if the deal closes as expected in early 2018, will be to the Anchorage-based company's name, from GCI to GCI Liberty, although GCI will continue to operate under the same logo and brand. Investors responded to the company's brightened long-term outlook, bumping the stock up to $33.39 by the close of Tuesday trading, a 62 percent jump from closing the previous day. The $1.12 billion buyout allows GCI to magnify its already dominant position in Alaska and expand to markets outside the state. General Communication Inc., Alaska's largest telecommunications company, will be acquired by Liberty Ventures Group, a subsidiary of Colorado-based media conglomerate Liberty Interactive Corp., the company announced Tuesday. GCI has been acquired by Liberty Ventures Group, a subsidiary of Colorado-based media conglomerate Liberty Interactive Corp. GCI Store at Northern Lights and C Street on Tuesday, April 4, 2017. ![]()
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