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Clear Channel Outdoor Sold for $6.2 Billion Premium

2/11/2026

38 8 Full Breakdown

Summary

Story summary

Clear Channel Outdoor Holdings has agreed to be acquired by Mubadala Capital and TWG Global for $6.2 billion.
Shareholders will receive $2.43 per share, a 71% premium over the unaffected price.
The deal includes a 45-day go-shop period to solicit alternative offers.
The transaction is expected to close in the third quarter of 2026.
Wade Davis, a media veteran, will join as Executive Chairman after the acquisition.

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Story summary

Clear Channel Outdoor Holdings has agreed to be acquired by Mubadala Capital and TWG Global for $6.2 billion.
Shareholders will receive $2.43 per share, a 71% premium over the unaffected price.
The deal includes a 45-day go-shop period to solicit alternative offers.
The transaction is expected to close in the third quarter of 2026.
Wade Davis, a media veteran, will join as Executive Chairman after the acquisition.