WOW! Announces DigitalBridge/Crestview Deal

TL;DR

WOW! selling to DigitalBridge/Crestview, proxy filing out.

AI Summary

WideOpenWest, Inc. (WOW!) announced a definitive agreement for a transaction with DigitalBridge and Crestview. The filing is a DEFA14A, indicating it's a proxy statement related to this significant corporate event. Further details on the transaction's terms and implications are expected.

Why It Matters

This filing signals a major change in ownership or control for WideOpenWest, potentially impacting its strategy, operations, and shareholder value.

Risk Assessment

Risk Level: medium — Transactions involving private equity firms like DigitalBridge and Crestview often carry inherent risks related to integration, financing, and strategic shifts.

Key Players & Entities

• WideOpenWest, Inc. (company) — Registrant and subject of the proxy statement
• DigitalBridge (company) — Party to the definitive agreement
• Crestview (company) — Party to the definitive agreement

FAQ

Key Financial Figures

• $5.20 — ed by Crestview and its affiliates, for $5.20 per share in an all-cash transaction wi
• $1.5 billion — th an enterprise value of approximately $1.5 billion. o Crestview Partners, a stockholder
• $3 — ium of 37.2% to the unaffected price of $3.79, prior to the initial non-binding of
• $4.80 — ior to the initial non-binding offer of $4.80 submitted by the purchaser group on May

Filing Documents

• tm2523141d4_defa14a.htm (DEFA14A) — 75KB
• 0001104659-25-076513.txt ( ) — 76KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to § 240.14a-12 WideOpenWest, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Frequently Asked Questions - DigitalBridge/Crestview Transaction General Transaction Questions 1. What was announced today? o WOW! has entered into a definitive agreement under which affiliated investment funds of DigitalBridge Investments, LLC and Crestview Partners (“Crestview”), will acquire all outstanding shares of commons stock of WideOpenWest, Inc. not already owned by Crestview and its affiliates, for $5.20 per share in an all-cash transaction with an enterprise value of approximately $1.5 billion. o Crestview Partners, a stockholder of approximately 37% of WOW!’s outstanding shares, has agreed to roll over all of its shares of common stock, meaning they will not sell their shares as part of the deal and will instead move their investment to a new entity owned by DigitalBridge and Crestview. o The price represents a premium of 37.2% to the unaffected price of $3.79, prior to the initial non-binding offer of $4.80 submitted by the purchaser group on May 2, 2024, and a 63% premium above the closing price on Friday, August 8, 2025. o WOW! public stockholders will receive $5.20 per share in cash if the transaction is completed. o Closing of the transaction, which has been approved by the WOW! board of directors, acting upon the recommendation of the special committee of the WOW! board of directors, is subject to the satisfaction of closing conditions, including receipt of stockholder and required regulatory approvals. o Upon completion of the transaction, which is expected to occur by the end of the year or in the first quarter of 2026, WOW! will no longer be traded or listed on any public securities exchange. 2. What does this transaction mean for WOW! employees? o This is a story of investment and growth and provides WOW! employees with a lot of opportunities. o This transaction is an important step toward fulfilling our vision for growth and for strategically evolving the business. o The transaction reflects the exciting potential for our business and is a testament to the hard work of everyone at WOW!. o This transaction delivers good value for WOW! stockholders, including employees, all of whom have received equity awards through our stock program. o DigitalBridge and Crestview are committed to growing our business. o WOW!’s new ownership will enhance our ability to execute our growth strategy and deliver reliable, accessible and fast broadband solutions to customers, and it should lead to more opportunities. o Following the completion of the deal, we will work closely with DigitalBridge and Crestview to ensure a smooth ownership transition. 3. Will I work for DigitalBridge and Crestview once the transaction is complete? o We expect WOW! employees will continue to be employed by WOW!, which will continue as an operating company under our new ownership. 4. What can you tell us about DigitalBridge and Crestview? o WOW! has a unique opportunity to partner with two global private infrastructure investment firms with strong track records of helping companies reach their growth potential. DigitalBridge and Crestview bring significant expertise in broadband and digital infrastructure and additional financial capacity to support and continue our growth strategy. o As a result of this transaction, we believe WOW! will be even better positioned as a private company to invest in and continue our growth strategies and deliver benefits to our stakeholders. Transaction Impacts on Employees 5. How will employees benefit from this transaction? o This transaction positions WOW! for an exciting next chapter as we continue our story of growth. o This transaction deepens WOW!’s commitment to providing reliable, accessible and fast broadband solutions that benefit our customers and it should lead to more opportunities. o Following the completion of the transaction, we will work closely with our new owners to ensure a smooth transition. 6. Will I work for DigitalBridge and Crestview once the transaction is complete? o We expect WOW! employees will co

View Full Filing

View this DEFA14A filing on SEC EDGAR