WideOpenWest agrees to $1.5 billion buyout by DigitalBridge and Crestview

WideOpenWest, Inc. (NYSE: WOW) announced it has entered into a definitive agreement to be acquired by affiliated investment funds of DigitalBridge Investments, LLC and Crestview Partners in an all-cash transaction valued at approximately $1.5 billion.

Under the agreement, public stockholders will receive $5.20 per share in cash. Crestview, which currently owns approximately 37% of WOW's outstanding shares and is the company's largest stockholder, will roll over its existing holdings rather than receive cash.

The offer price represents a 37.2% premium to the $3.79 unaffected share price prior to the initial non-binding offer of $4.80 submitted by the purchaser group on May 2, 2024, according to the company statement. The price also reflects a 63% premium to WOW's closing price on August 8, 2025.

WOW's Board of Directors unanimously approved the transaction upon recommendation from a special committee of independent directors. Crestview has agreed to vote all of its shares in favor of the deal.

The transaction requires approval from WOW stockholders and regulatory authorities. The company expects the deal to close by the end of 2025 or in the first quarter of 2026. Upon completion, WOW will be delisted from public exchanges.

"This transaction offers significant and immediate value to stockholders, and after a thorough review process the special committee concluded that the consideration offered represents a significant premium to WOW's trading price," said Phil Seskin, Chair of the special committee.

WOW operates broadband services in 20 markets, primarily in the Midwest and Southeast, with a network that passes nearly 2 million consumers. DigitalBridge (NYSE: DBRG) manages $106 billion of infrastructure assets, while New York-based Crestview manages funds with over $10 billion of capital commitments.

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