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Japan’s SoftBank Getting Closer to Owning U.S. ISP WideOpenWest
DigitalBridge shareholders approve broadband company’s sale to SoftBank.
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DigitalBridge shareholders approve broadband company’s sale to SoftBank.
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Evidentiary hearings are set for April 20-24 on the $34.5 billion deal.
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The cable companies are now waiting only on California’s review.
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Investment firm Stonepeak will be the majority owner, with Alphabet retaining a ‘significant minority’ stake.
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The combined company would have about 36 million broadband subs.
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Denials and hearing referrals would have to be voted on by commissioners.
Fiber
Acquisition lands AT&T with an additional 1 million fiber subscribers and 4 million fiber locations in 8 states
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The deal is now expected to close on Jan. 20, and diversity policies issue resolved.
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A proposed approval would require the company to deploy to all locations served by 88 rural wire centers.
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Separately, former Breezeline president Frank van der Post was named CEO of WOW! after private equity firms closed on the acquisition.
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Digital Bridge and Crestview Partner took the cable operator private in a $1.5 billion deal.
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A CPUC judge set an oral argument date of Jan. 12, 2026.
mergers
An administrative judge at the CPUC recommended approval, but only with extra DEI requirements.
mergers
The companies argued they don't compete with each other and have been buffeted by subscriber losses.
mergers
Deal hands WOW! to investment firms DigitalBridge and Crestview amid rising fiber competition.
mergers
Coalition warns $34.5B deal would create ‘unchecked gatekeeper power’ and labor harms
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