We are advising Crestview Partners on the transaction 

Davis Polk is advising Crestview Partners on its take-private acquisition, alongside DigitalBridge Investments, of WideOpenWest, Inc. (WOW!). Under the terms of the transaction, Crestview and DigitalBridge will acquire all of the outstanding shares of common stock of WOW! 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. The transaction is expected to close by the end of the year or in the first quarter of 2026, subject to the satisfaction of the closing conditions, including receipt of WOW! stockholder approval and of required regulatory approvals. Upon completion of the transaction, WOW! will no longer be traded or listed on any public securities exchange.

Founded in 2004, Crestview is a New York-based private equity firm focused on the middle market. The firm manages funds with over $10 billion of aggregate capital commitments and is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: media, industrials and financial services.

DigitalBridge is a global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells and edge infrastructure, the DigitalBridge team manages $106 billion of infrastructure assets on behalf of its limited partners and shareholders.

WOW! is one of the nation’s leading broadband providers, with an efficient and high-performing network that passes nearly 2 million residential, business and wholesale consumers. WOW! provides services in 20 markets, primarily in the Midwest and Southeast, including Michigan, Alabama, Tennessee, South Carolina, Georgia and Florida, with new all-fiber networks in Central Florida; Hernando County, Florida; and Greenville County, South Carolina.

The Davis Polk corporate team includes partner Michael Davis and associate Tully Moyer. Partner Robert F. Smith is providing finance advice. Partner Ethan R. Goldman and associate Summer Elbardissy are providing tax advice. Partners Jürgen Schindler, Jesse Solomon and Matthew Yeowart and associate Tara Shah are providing antitrust and competition advice. Partner Andrew Ditchfield is providing litigation advice. Members of the Davis Polk team are based in the New York, Washington DC, London and Brussels offices.