Clear Channel Outdoor Acquired for $6.2 Billion

By Chris Stiles • Tuesday, February 10 03:04 • Permanent Link

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) has announced its agreement to be acquired by Mubadala Capital, in partnership with TWG Global, for a total of $6.2 billion in an all-cash transaction. Shareholders will receive $2.43 per share, representing a 71% premium to the unaffected share price of $1.42 on October 16, 2025.

The transaction, subject to customary closing conditions, including regulatory approvals and shareholder consent, is expected to close by the end of the third quarter of 2026. Once finalized, Clear Channel’s common stock will no longer be listed for trading on any public market.

Mubadala Capital, in partnership with TWG, is committing approximately $3 billion of equity capital to support Clear Channel’s financial flexibility, ongoing deleveraging efforts, and new avenues of growth. Wade Davis, a media and technology veteran, is expected to join Clear Channel as executive chairman.

The transaction has been approved by Clear Channel’s board of directors and approximately 48% of the company’s outstanding shares have entered into support agreements to back the acquisition.

This acquisition marks a significant milestone in Clear Channel’s transformation and is expected to streamline the company’s ownership structure, providing long-term capital support from Mubadala Capital. The transaction is also anticipated to position Clear Channel for its next phase of long-term growth.

Financial advisors Morgan Stanley & Co. LLC and Moelis & Company LLC are advising Clear Channel, while Guggenheim Securities, LLC and J.P. Morgan Securities LLC are advising Mubadala Capital.

Clear Channel intends to release its 2025 fourth quarter results as scheduled on February 26, 2026, through a press release but will not host a conference call or webcast in light of the acquisition announcement. As a result of these announcements, the company's shares have moved 2.39% on the market, and are now trading at a price of $2.14. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.