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WideOpenWest Stock Soars 50% on $1.5B Acquisition Deal
ByAinvest
Tuesday, Aug 12, 2025 8:21 am ET1min read
WideOpenWest (WOW) stock surged 50% after announcing a $1.5B deal with DigitalBridge Group and Crestview Partners. The private investment firms will purchase all outstanding shares, taking WOW private. Crestview Partners is already the largest shareholder. The deal values WOW at $5.20 per share, a 63% premium to its closing price on Friday.
WideOpenWest (WOW) stock experienced a significant increase of 50% after the company announced a $1.5 billion acquisition deal with DigitalBridge Group and Crestview Partners. The private investment firms will purchase all outstanding shares, taking WOW private. Crestview Partners is already the largest shareholder, owning approximately 37% of WOW's shares. The deal values WOW at $5.20 per share, representing a 63% premium to its closing price on Friday, August 8, 2025 [2].The transaction marks a strategic exit for public shareholders of the Englewood, Colorado-based broadband provider, which serves nearly 2 million consumers across 20 markets in the Midwest and Southeast. The $5.20 per share offer delivers a 37.2% premium to the unaffected price of $3.79 prior to initial acquisition discussions in May 2024 [1].
WOW's CEO Teresa Elder stated, "Today’s announcement is an exciting step for WOW’s investors, employees, and customers." The acquisition is expected to close by the end of 2025 or in the first quarter of 2026, subject to shareholder and regulatory approvals. Upon completion, WOW will delist from public exchanges [2].
DigitalBridge, managing $106 billion in digital infrastructure assets, sees significant expansion opportunities in the acquisition. The transaction is expected to bring immediate value to WOW stockholders and enhance the company's position as a trusted provider of fast, reliable internet service at competitive prices [2].
References:
[1] https://www.benzinga.com/markets/equities/25/08/47051823/wow-stock-rockets-nearly-48-after-hours-as-digitalbridge-crestview-strike-1-5-billion-deal-to-take-broadband-provider-private
[2] https://www.digitalbridge.com/news/2025-08-11-wideopenwest-wow-inc-to-be-taken-private-by-digitalbridge-group-inc-and-crestview-partners-in-15-billion-transaction
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