WideOpenWest, Inc. (WOW) entered a merger agreement on August 11, 2025, to be taken private by DigitalBridge Investments, LLC (DBRG) and Crestview Partners, in a deal valued at $1.5 billion.
Affiliated investment funds of DigitalBridge and Crestview will acquire all of the outstanding shares of common stock of WideOpenWest not already owned by Crestview and its affiliates for $5.20 per share in cash, representing a 53.85% premium from the stock’s last close.
WideOpenWest is a leading U.S. broadband provider serving nearly 2 million homes and businesses across the Midwest and Southeast, offering high-speed internet, video, phone, and business data services through its advanced fiber and cable networks.
DigitalBridge is a global alternative asset manager specializing in digital infrastructure, investing in and operating assets such as cell towers, data centers, fiber networks, small cells, and edge facilities, with $106 billion in assets under management.
Crestview is a New York–based private equity firm founded in 2004 that specializes in mid-market, value-add investments across media, industrials, and financial services. The firm manages approximately $10 billion in aggregate capital commitments, with regulatory filings showing about $7.4 billion in assets under management
In May of last year, WideOpenWest received an unsolicited non-binding preliminary proposal from DigitalBridge Investments and various Crestview entities to purchase all of the outstanding shares of WideOpenWest that Crestview does not currently own for $4.80 per share in cash. The stock was trading at $3.79 before the non-binding offer was announced.
The deal is expected to close by the end of the year or in the first quarter of 2026.
WideOpenWest received financial advice from Centerview Partners and legal counsel from Wachtell, Lipton, Rosen & Katz. LionTree Advisors served as financial advisor to DigitalBridge Investments and Crestview Partners, with legal counsel from Simpson Thacher & Bartlett and Davis Polk & Wardwell.
DigitalBridge Investments and Crestview Partners are acquiring WideOpenWest at 6.77 times EBITDA.
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Disclaimer: This article is for informational purposes only, and does not constitute financial advice. Please execute your own thorough research before investing in any securities mentioned.
Editor’s Note: Baranjot Kaur contributed to this article