DigitalBridge, Crestview to Acquire WideOpenWest in $1.5 Billion Transaction.

WideOpenWest (WOW!) has agreed to be acquired by DigitalBridge Group and Crestview Partners in a $1.5 billion all-cash transaction. WOW!'s public stockholders will receive $5.20 per share, and Crestview, the company's largest stockholder, will roll over all its shares. The acquisition has an enterprise value of approximately $1.5 billion.

Englewood, Colo., Aug. 11, 2025 /PRNewswire/ -- WideOpenWest, Inc. (NYSE: WOW), a leading broadband provider in the United States, has announced a definitive agreement for its acquisition by DigitalBridge Group, Inc. and Crestview Partners in an all-cash transaction valued at approximately $1.5 billion. The acquisition will see WOW!'s public stockholders receive $5.20 per share, with Crestview rolling over all its shares in the deal [1].

The acquisition, which represents a 37.2% premium to WOW!'s unaffected price of $3.79 and a 63% premium to the closing price on Friday, August 8, 2025, is expected to close by the end of the year or in the first quarter of 2026, subject to the satisfaction of closing conditions, including stockholder approval and regulatory approvals. Upon completion, WOW! will no longer be traded or listed on any public securities exchange.

DigitalBridge and Crestview aim to invest in expanding and upgrading WOW!'s networks, adopting new technologies, and ensuring the company continues to deliver fast, reliable internet service and a high-quality customer experience at competitive prices. "We are excited to partner with Crestview to support this next phase of growth at WOW!," said Jonathan Friesel, Senior Managing Director and Head of Fiber at DigitalBridge. "We believe this transaction positions the company to deliver meaningful benefits to its customers and the communities it serves" [1].

WOW!'s CEO Teresa Elder expressed excitement about the transaction, stating, "WOW!'s next chapter with DigitalBridge and Crestview will bring new and exciting opportunities to our stakeholders and enhance our position as a trusted provider of fast, reliable and affordable broadband solutions." The transaction has been unanimously approved by the WOW! Board of Directors, with Centerview Partners LLC acting as the sole financial advisor to the special committee and Wachtell, Lipton, Rosen & Katz serving as legal counsel [1].

DigitalBridge, a leading global alternative asset manager, manages $106 billion of infrastructure assets on behalf of its limited partners and shareholders. Crestview, a New York-based private equity firm, manages funds with over $10 billion of aggregate capital commitments. Both firms have significant experience in their respective fields, with DigitalBridge focusing on digital infrastructure and Crestview on the middle market [1].

The acquisition comes with certain risks and uncertainties, including the potential for litigation, disruptions to WOW!'s business, and the ability to retain key personnel. The transaction is subject to various conditions, such as stockholder approval and regulatory approvals, which could impact its completion [1].

References:
[1] https://www.prnewswire.com/news-releases/wideopenwest-wow-inc-to-be-taken-private-by-digitalbridge-group-inc-and-crestview-partners-in-1-5-billion-transaction-302526854.html