David Manno speaks with Channel Futures to discuss WideOpenWest’s (WOW) plans to go private in a $1.5 billion transaction, signaling that other cable providers may also be looking to engage in M&A opportunities. Manno said, “they had an opportunity to give the existing shareholders a premium to what the market was bearing. So it made it very attractive for the existing shareholders.”
“Other firms may consider going private as WOW is trying to do. When you have these big-value transactions, the rest of the space says, ‘Well, they did it; maybe we should think about doing it too.’ So I think you will see a continuation of other companies in this space being bought, and perhaps being taken private like this,” Manno said.