WideOpenWest Enters $1.5 Billion Going Private Transaction with DigitalBridge and Crestview
Deal News | Aug 11, 2025 | Wachtell, Lipton, Rosen & Katz
WideOpenWest, Inc. (WOW!), a prominent broadband provider in the United States, has announced a significant move towards privatization through a definitive agreement. Under this agreement, investment funds affiliated with DigitalBridge Investments, LLC and Crestview Partners will acquire all outstanding shares of WOW! common stock that are not already owned by Crestview and its affiliates. The deal is structured as an all-cash transaction, with shares valued at $5.20 each, culminating in an enterprise value of approximately $1.5 billion. As part of the agreement, Crestview, which is currently WOW!'s largest stockholder, will roll over its holdings of WOW! common stock. Additionally, WOW! has entered into an amendment to its credit agreement to extend its revolving credit facility. The law firm Wachtell, Lipton, Rosen & Katz advised WOW!’s board of directors' Special Committee on this transaction.
Sectors
- Telecommunications
- Private Equity
- Legal Services
Geography
- United States – WOW! is a leading broadband provider in the United States.
Industry
- Telecommunications – WOW! operates within the telecommunications industry as a broadband provider.
- Private Equity – DigitalBridge Investments and Crestview Partners are private equity firms involved in the acquisition.
- Legal Services – Wachtell, Lipton, Rosen & Katz provided legal advisory services for the transaction.
Financials
- $1.5 billion – The enterprise value of the going private transaction.
- $5.20 per share – The price per share agreed upon in the acquisition deal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WideOpenWest, Inc. | Target | Company | A leading broadband provider in the United States. |
| DigitalBridge Investments, LLC | Buyer | Company | A private equity firm acquiring WOW! in partnership with Crestview. |
| Crestview Partners | Buyer | Company | WOW!'s largest shareholder and partnering with DigitalBridge in the acquisition. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | Advising the Special Committee of WOW!’s board of directors. |