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WideOpenWest (WOW!), Inc. to be Taken Private by DigitalBridge Group, Inc. and Crestview Partners in $1.5 Billion Transaction
Prnewswire· 2025-08-11 20:51
Core Viewpoint - WideOpenWest, Inc. (WOW!) has entered into a definitive agreement for an all-cash acquisition by DigitalBridge Investments and Crestview Partners, valuing the company at approximately $1.5 billion, with stockholders receiving $5.20 per share, representing a 37.2% premium to the unaffected price prior to the initial offer [1][2]. Company Overview - WOW! is a leading broadband provider in the U.S., serving nearly 2 million customers across 20 markets, primarily in the Midwest and Southeast [7]. - The company offers a range of services including high-speed internet, cable TV, and cloud services, and has been recognized for its exceptional human resources practices [7]. Transaction Details - The acquisition price of $5.20 per share represents a 63% premium to WOW!'s closing price on August 8, 2025 [1]. - Crestview, as WOW!'s largest stockholder, will roll over all shares it owns, which constitutes approximately 37% of WOW!'s outstanding shares [4]. - The transaction has been unanimously approved by WOW!'s Board of Directors and is expected to close by the end of 2025 or in the first quarter of 2026, pending stockholder and regulatory approvals [3][5]. Strategic Implications - The partnership with DigitalBridge and Crestview is expected to enhance WOW!'s growth, allowing for investments in network expansion and technology upgrades, thereby improving service delivery and customer experience [2][8]. - The transaction is seen as a significant opportunity for WOW! to strengthen its market position as a trusted broadband provider [2].
WOW! Names Audrey Glenn as Senior Director of Legal and Regulatory Affairs
Prnewswire· 2025-06-05 13:00
Core Insights - WOW! Internet, TV & Phone has appointed Audrey Glenn as the senior director of legal and regulatory affairs, enhancing its legal team as the company expands into new markets [1][2] - Glenn brings over 30 years of legal experience, including roles at the Federal Communications Commission and the US House of Representatives, which will support WOW!'s legal, policy, and regulatory needs [2][4] - WOW! serves nearly 2 million consumers across 20 markets, primarily in the Midwest and Southeast, and is recognized for its exceptional human resources practices [4] Company Overview - WOW! is a leading broadband provider with a high-performing network, offering services such as high-speed internet, cable TV, and cloud services [4] - The company has been recognized 12 times as a Best & Brightest Company to Work For in the Nation, winning the award for the last eight consecutive years [4]
WOW! Named a Best and Brightest Company to Work For in the Nation® for the Eighth Consecutive Year
Prnewswire· 2025-06-03 13:00
Core Insights - WOW! Internet, TV & Phone has been recognized as a 2025 Best and Brightest Company to Work For in the Nation for the twelfth time, marking its eighth consecutive year of receiving this honor [1][5] - The company emphasizes a people-first approach, focusing on employee experience and wellbeing, which has led to both national and regional accolades [1][2] Group 1: Recognition and Awards - WOW! has received national recognition for its workplace practices, including regional honors in Metro Detroit (15 times), Chicago (17 times), Atlanta (9 times), and Denver (6 times) [1] - The company was also included in the 2024 Top 101 National Winners list, showcasing its consistent excellence in workplace culture [1][5] Group 2: Workplace Culture and Employee Engagement - WOW! fosters a vibrant and inclusive workplace through wellness initiatives, learning and development programs, and community engagement efforts [2] - The company’s culture is characterized by a commitment to listening, investing in employees, and creating opportunities for connection and growth [3] Group 3: Leadership Statements - Senior leadership at WOW! emphasizes the importance of employee value and support, highlighting the dedication of the team in creating a positive work environment [3][4] - The CEO of WOW! notes that the recognition reflects the company's commitment to innovation and growth alongside employee satisfaction [4] Group 4: Company Overview - WOW! is a leading broadband provider serving nearly 2 million consumers across 20 markets, primarily in the Midwest and Southeast [5] - The company offers a range of services, including high-speed internet, cable TV, and cloud services, while maintaining a focus on affordable pricing and exceptional service [5]