WOW! to undergo strategic shift with DigitalBridge and Crestview acquisition.

WideOpenWest (WOW) CEO Teresa Elder announced a definitive agreement for the acquisition of all outstanding shares by affiliated funds of DigitalBridge Investments and Crestview Partners. The acquisition is expected to drive a strategic shift for WOW and will not impact the company's greenfield fiber buildout momentum.

Englewood, Colo., Aug. 11, 2025 — WideOpenWest, Inc. (NYSE: WOW), a leading broadband provider in the United States, has entered into a definitive agreement to be acquired by affiliated investment funds of DigitalBridge Investments, LLC and Crestview Partners. The transaction, valued at approximately $1.5 billion, will see stockholders receive $5.20 per share in cash, representing a 37.2% premium to the unaffected price of $3.79 prior to the initial non-binding offer on May 2, 2024 [1].

The acquisition is expected to close by the end of the year or in the first quarter of 2026, pending stockholder and regulatory approvals. Upon completion, WOW! will no longer be traded or listed on any public securities exchange.

Teresa Elder, CEO of WOW!, stated, "Today's announcement is an exciting step for WOW!'s investors, employees, and customers. WOW!'s next chapter with DigitalBridge and Crestview will bring new opportunities to our stakeholders and enhance our position as a trusted provider of fast, reliable, and affordable broadband solutions."

The transaction offers significant value to stockholders and has been unanimously approved by the WOW! Board of Directors. Crestview, WOW!'s largest stockholder, has agreed to roll over all of its WOW! shares, representing approximately 37% of WOW!'s outstanding shares.

DigitalBridge and Crestview intend to invest in expanding and upgrading WOW!'s networks, adopting new technologies, and ensuring the organization has the resources needed to continue delivering fast, reliable internet service and a high-quality customer experience at competitive prices.

The transaction is expected to drive a strategic shift for WOW! without impacting its greenfield fiber buildout momentum. The companies are supported by a team of advisors, including Centerview Partners LLC, Wachtell, Lipton, Rosen & Katz, LionTree Advisors, Simpson Thacher & Bartlett LLP, and Davis Polk & Wardwell LLP [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