ENGLEWOOD, Colo. -- WOW! Internet, Cable & Phone (WOW!) announced today that it has completed the acquisition of Knology, Inc. (“Knology”).
WOW! is a competitive provider of residential and commercial high-speed Internet, cable television and telephone services whose controlling shareholder is Avista Capital Partners. Knology is a leading provider of interactive communications and entertainment services in ten markets in the southeastern United States and three markets in the midwestern United States.
The acquisition, first announced in April, is an all-cash transaction with WOW! acquiring Knology by merger for $19.75 per share in cash. The total transaction value is approximately $1.5 billion and was approved by Knology shareholders during a special shareholders meeting held on June 26th.
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