DigitalBridge, Crestview to Take Colorado Broadband Company Private for $1.5B

DigitalBridge Group and Crestview Partners announced Monday that WideOpenWest, a major broadband services and entertainment provider, has agreed to be taken private for $1.5 billion.

Under the all-cash agreement a consortium of DigitalBridge and Crestview will acquire all outstanding shares of WideOpenWest, dba as WOW!, not already owned by Crestview, its major shareholder. The price of $5.20 per share represents a 37.2 percent premium over the company’s unaffected price of $3.79 and a 63 percent premium from its closing price Friday.