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DigitalBridge-Led Group Advances in Bid to Acquire WideOpenWest, Deal Expected Soon

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A group led by DigitalBridge and Crestview Partners is moving forward with negotiations to acquire WideOpenWest (WOW), a broadband and cable services provider, in a potential deal that could conclude a year-long effort to take the company private, according to sources familiar with the talks.

The discussions between the bidding group and WideOpenWest have intensified in recent weeks, and the deal could come together in the next few weeks unless there are any unforeseen complications. However, the parties are still working through some of the deal’s terms, and it remains uncertain whether an agreement will be finalized.

In May, WideOpenWest received a non-binding offer from the group, valued at approximately $406 million, representing a 32% premium over the company’s closing price at the time. The latest market price of the company’s shares is near the offer price.

WideOpenWest, headquartered in Englewood, Colorado, provides broadband and cable services to nearly 2 million customers across the Midwest and Southeast United States. The company has also made efforts to restructure its debt in recent months, raising about $200 million in October.

Billionaire McCourt Open to Keeping Original Investors in Any TikTok Deal

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Business magnate Frank McCourt has expressed a willingness to include TikTok’s current investors, including its founder, in any potential deal to purchase the U.S. operations of the app, which is currently owned by the Chinese company ByteDance. McCourt confirmed in an interview with Reuters that his consortium, Project Liberty, has formally offered to buy TikTok from ByteDance, with a valuation of the app—excluding its algorithm—set at approximately $20 billion.

The bid, McCourt noted, is not contingent upon the involvement of major U.S. investment firms like General Atlantic, Susquehanna, and Sequoia Capital, who hold stakes in ByteDance. McCourt, however, indicated that his group is open to keeping existing investors, including ByteDance founder Zhang Yiming, involved in the deal, pending approval from the Committee on Foreign Investment in the United States (CFIUS).

ByteDance did not respond to a request for comment regarding the proposed deal. McCourt also stated that Project Liberty has developed a technological solution that addresses the national security concerns that led to U.S. legislation demanding ByteDance divest its ownership of TikTok by Sunday, or face a potential ban in the U.S.

In related developments, President-elect Donald Trump’s incoming national security adviser affirmed that the new administration will work to keep TikTok operating in the U.S. if a viable deal is reached.