DigitalBridge and Crestview Partners Complete Take-Private Acquisition of WideOpenWest (WOW!)

DigitalBridge Group, Inc., a  global alternative asset manager dedicated to investing in digital infrastructure, and Crestview Partners, a  private equity firm,  announced that affiliated investment funds have completed their previously announced take-private acquisition of WideOpenWest, Inc. ("WOW!"), a  provider of fiber-broadband internet services and advanced connectivity solutions in the United States.

"We are excited to complete this transaction and begin a new era of growth. We look forward to investing in network and customer experience enhancements, pursuing operational excellence, and delivering an exceptional connected experience over WOW!'s high-performance networks," said Jonathan Friesel, Senior Managing Director and Head of Fiber at DigitalBridge.

Brian Cassidy, President and Head of Media at Crestview Partners, said, "As a private company, WOW! will have strategic flexibility and resources to compete more effectively in its markets and pursue long-term growth. We believe this strategic infrastructure investment will allow us to bring advanced technology to these markets more quickly and will strengthen WOW!'s competitive position."

WOW! shareholders will receive $5.20 in cash per WOW! share in a transaction with an enterprise value of approximately $1.5 billion. With the completion of the transaction, WOW! common stock is no longer traded or listed on any public securities exchange.

Advisors
Centerview Partners LLC acted as the sole financial advisor to the special committee of the WOW! Board of Directors formed to lead the evaluation of the potential transaction, and Wachtell, Lipton, Rosen & Katz acted as its legal counsel.

LionTree Advisors acted as sole financial advisor to DigitalBridge and Crestview. Morgan Stanley and Goldman Sachs served as structuring advisors to the transaction.

Simpson Thacher & Bartlett LLP acted as legal counsel to DigitalBridge, and Davis Polk & Wardwell LLP acted as legal counsel to Crestview.

About DigitalBridge

DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of 30 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 $108 billion of infrastructure assets on behalf of its limited partners and shareholders. For more information, visit: www.digitalbridge.com.

About Crestview

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 firm's specialty areas: media, industrials, and financial services. For more information, please visit www.crestview.com.

About WOW! 

WOW! is one of the nation's leading broadband providers delivering high-speed Internet services, cable TV, home phone, mobile phone, business data, voice, and cloud services to homes and businesses in 20 markets, including in Michigan, Alabama, Tennessee, South Carolina, Georgia and Florida. For more information, visit wowway.com.