Investment Firms Make Bid to Buy WideOpenWest

WideOpenWest received an unsolicited nonbinding preliminary proposal from DigitalBridge Investments and Crestview Partners to purchase WOW shares that Crestview doesn't already own for $4.80 a share, WOW said Friday. It said its board would set up a special committee of independent directors to evaluate the proposal. Crestview has a 38% stake in WOW, according to WOW's annual report.