Announcement • Dec 31

DigitalBridge Investments, LLC, Crestview Partners III GP, L.P., Crestview W1 Holdings, L.P., Crestview W1 TE Holdings, LLC, Crestview W1 Co-Investors, LLC and Crestview Advisors, L.L.C. completed the acquisition of WideOpenWest, Inc. in a equity reinvestment transaction.

A Consortium submitted a preliminary non-binding proposal to acquire unknown remaining shares of WideOpenWest, Inc. (NYSE:WOW) from group of sellers for $410 million in a equity reinvestment transaction on May 2, 2024. Consortium will pay $4.8 in cash for each share of WideOpenWest. The equity financing would be funded by affiliated investment funds of DigitalBridge and a rollover by the current investors of 100% of their Class A Shares. DigitalBridge Investments, LLC (“DBP”) and Crestview Partners III GP, L.P., Crestview W1 Holdings, L.P., Crestview W1 TE Holdings, LLC, Crestview W1 Co-Investors, LLC and Crestview Advisors, L.L.C. (collectively, “Crestview”). Each of DBP and Crestview is referred to herein as a “Party”, and together as the “Parties” or the “Consortium”. DBP and Consortium each will own 50% stake in the WideOpenWest after closing of transaction. The transaction is subject to approval of WideOpenWest board of directors. Crestview Advisors, L.L.C. and DigitalBridge Investments, LLC entered into a definitive agreement to acquire WideOpenWest, Inc. for approximately $500 million on August 11, 2025. The cash price is $5.20 per share. The transaction is an all-cash transaction with an enterprise value of approximately $1.5 billion. Upon completion of the transaction, WOW! will no longer be traded or listed on any public securities exchange. Crestview, WOW!'s largest stockholder, has agreed to roll over all of the shares of WOW! common stock that they own. Sell side termination fee is $15.8 million and Buy side termination fee is $31.6 million. The WOW! Board of Directors has unanimously approved the proposed transaction, upon the unanimous recommendation of a special committee of independent and disinterested directors formed to lead the evaluation of the potential transaction. The transaction is subject to the satisfaction of the closing conditions, including receipt of WOW! stockholder approval and of required regulatory approvals. The transaction is expected to close by the end of the year or in the first quarter of 2026. On December 3, 2025, the shareholders of WideOpenWest, Inc. has approved the transaction. Gabriel Silva, Chris May, Ana Sanchez, Brian Gluck, Andrew Purcell, Ron Ben-Yehuda, Dennis Loiacono, David Rubinsky, Jonathan Lindabury and Keegan Lopez of Simpson Thacher & Bartlett LLP acted as legal advisor to DigitalBridge and Crestview. Michael Davis, Robert F. Smith, Ethan R. Goldman, Jürgen Schindler, Jesse Solomon, Matthew Yeowart, Andrew Ditchfield of Davis Polk & Wardwell LLP acted as legal advisor to Crestview. LionTree Advisors LLC acted as financial advisor to the Consortium. Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor and Centerview Partners LLC acted as financial advisor and fairness opinion provider to WideOpenWest, Inc and an aggregate fee of $19.4 million, $2.5 million of which was payable upon the rendering of Centerview’s opinion and $16.9 million of which is payable contingent upon consummation of the Transaction. Morgan Stanley & Co. LLC acted as financial advisor to DigitalBridge and Crestview. Innisfree M&A Incorporated acted as proxy solicitor/Information Agent to WideOpenWest, Inc and will be paid a fee of $0.03 million. Equiniti Trust Company, LLC acted as transfer agent to WideOpenWest, Inc. DigitalBridge Investments, LLC, Crestview Partners III GP, L.P., Crestview W1 Holdings, L.P., Crestview W1 TE Holdings, LLC, Crestview W1 Co-Investors, LLC and Crestview Advisors, L.L.C. completed the acquisition of WideOpenWest, Inc. in a equity reinvestment transaction on December 31, 2025.

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DigitalBridge Investments, LLC, Crestview Partners III GP, L.P., Crestview W1 Holdings, L.P., Crestview W1 TE Holdings, LLC, Crestview W1 Co-Investors, LLC and Crestview Advisors, L.L.C. completed the acquisition of WideOpenWest, Inc. in a equity reinvestment transaction.

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