Clear Channel Outdoor Holdings Take-Private Acquisition

Communication Services · United States · $6.2B enterprise value

On February 9, 2026, Mubadala Capital and TWG Global Holdings entered into a definitive agreement to acquire Clear Channel Outdoor Holdings, Inc. in an all-cash take-private transaction valued at approximately $6.2 billion in enterprise value. Shareholders are set to receive $2.43 per share, a 71% premium to the unaffected closing price of $1.42 on October 16, 2025. The deal includes roughly $3 billion in committed equity capital from Mubadala Capital and TWG Global, with Apollo-managed funds committing preferred equity and a lender group led by JPMorgan Chase Bank and Apollo Funds committing debt financing. Media and technology executive Wade Davis, formerly CEO of TelevisaUnivision, is expected to join as Executive Chairman upon closing. The agreement included a 45-day go-shop period expiring March 26, 2026, and the deal is expected to close in Q3 2026 subject to shareholder and regulatory approval.