Core Insights - DigitalBridge Group, Inc. and Crestview Partners have completed a $1.5 billion take-private acquisition of WideOpenWest, Inc. (WOW!), a leading provider of fiber-broadband internet services in the U.S. [1][3] - WOW! shareholders will receive $5.20 in cash per share, and the transaction has an enterprise value of approximately $1.5 billion, resulting in WOW! common stock no longer being traded on public exchanges [3] Company Overview - DigitalBridge is a global alternative asset manager focused on digital infrastructure, managing $108 billion in assets across various sectors including cell towers, data centers, and fiber [6] - Crestview Partners is a private equity firm with over $10 billion in capital commitments, specializing in middle-market investments across media, industrials, and financial services [7] - WOW! provides high-speed internet, cable TV, home phone, mobile phone, and cloud services in 20 markets across the U.S., including states like Michigan, Alabama, and Florida [8] Strategic Goals - DigitalBridge aims to invest in network and customer experience enhancements, operational excellence, and deliver a superior connected experience through WOW!'s networks [2] - Crestview believes that as a private company, WOW! will gain strategic flexibility and resources to compete more effectively and pursue long-term growth [3]
DigitalBridge and Crestview Partners Complete Take-Private Acquisition of WideOpenWest (WOW!)