WOW! Stock Rockets 47.93% After-Hours Following $1.5 Billion Acquisition Deal with DigitalBridge and Crestview

WideOpenWest Inc. (WOW) shares surged 47.93% in after-hours trading after DigitalBridge Group Inc. and Crestview Partners announced a $1.5 billion all-cash acquisition, valuing WOW at $5.20 per share, a 63% premium to its closing price. The deal marks a strategic exit for public shareholders and requires shareholder and regulatory approvals, with completion expected by year-end 2025 or early 2026.

WideOpenWest Inc. (WOW), a leading broadband provider, has agreed to a $1.5 billion all-cash acquisition by DigitalBridge Group Inc. and Crestview Partners. The deal, announced on August 11, 2025, values WOW at $5.20 per share, representing a 63% premium to its closing price on August 8, 2025 [1].

The acquisition, which is expected to close by the end of 2025 or in the first quarter of 2026, involves DigitalBridge and Crestview purchasing all outstanding shares of WOW not already owned by Crestview and its affiliates. Crestview, WOW's largest stockholder, has agreed to roll over its shares, which represent approximately 37% of WOW's outstanding shares [1].

The transaction is subject to shareholder and regulatory approvals, and upon completion, WOW will no longer be traded or listed on any public securities exchange. The special committee of WOW's Board of Directors, led by independent and disinterested directors, has unanimously approved the proposed transaction [1].

DigitalBridge and Crestview aim to expand and upgrade WOW's networks, adopt new technologies, and ensure the company continues to deliver fast, reliable internet service at competitive prices. The deal offers significant immediate value to WOW stockholders and positions the company for future growth [1].

References:
[1] https://ir.wowway.com/investor-relations/news/press-release-details/2025/WideOpenWest-WOW-Inc--to-be-Taken-Private-by-DigitalBridge-Group-Inc--and-Crestview-Partners-in-1-5-Billion-Transaction/default.aspx