WideOpenWest to be acquired by DigitalBridge for $1.5B

WideOpenWest (WOW) has agreed to be taken private by DigitalBridge Investments and Crestview Partners in an all-cash transaction worth $1.5B. The deal values WOW at $5.20 per share, a 37.2% premium to its unaffected price. Crestview, WOW's largest shareholder, will roll over its shares. The transaction is expected to close by the end of the year or in Q1 2026, subject to regulatory approvals and stockholder approval.

WideOpenWest (WOW), a leading broadband provider in the United States, has agreed to be taken private by DigitalBridge Investments and Crestview Partners in an all-cash transaction valued at approximately $1.5 billion. The deal, announced on August 11, 2025, will see WOW's stockholders receive $5.20 per share, representing a 37.2% premium to the unaffected price of $3.79 prior to the initial non-binding offer of $4.80 submitted by the purchaser group on May 2, 2024 [1].

Crestview, WOW's largest shareholder, has agreed to roll over all of its shares of WOW common stock. The transaction 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 receipt of WOW stockholder approval and of required regulatory approvals [1].

The WOW Board of Directors has unanimously approved the proposed transaction, upon the unanimous recommendation of a special committee of independent and disinterested directors formed to lead the evaluation of the potential transaction. DigitalBridge and Crestview have entered into a rollover, voting, and support agreement, with Crestview agreeing to vote all of its WOW shares in favor of the transaction [1].

DigitalBridge, a leading global alternative asset manager, and Crestview, a private equity firm focused on the middle market, believe the transaction positions WOW to deliver meaningful benefits to its customers and the communities it serves. The companies intend to invest in expanding and upgrading WOW's networks, adopting new technologies, and ensuring the organization has the resources and support needed to continue delivering fast, reliable internet service and a high-quality customer experience at competitive prices [1].

Upon completion of the transaction, WOW will no longer be traded or listed on any public securities exchange. The transaction is expected to bring significant and immediate value to WOW stockholders, while also providing an ideal capital partner in DigitalBridge to support WOW's long-term strategy, including geographic expansion and network technology upgrades [1].

References:
[1] https://www.placera.se/pressmeddelanden/wideopenwest-wow-inc-to-be-taken-private-by-digitalbridge-group-inc-and-crestview-partners-in-1-5-billion-transaction-20250811