Clear Channel Outdoor up on $6.2 bln go-private deal

Clear Channel Outdoor Holdings

10/02/2026 12:20

** Shares of billboard operator Clear Channel Outdoor CCO.N up 7.7% at $2.36 premarket

** Co agreed to be acquired by Mubadala Capital and TWG Global in a $6.2 bln deal

** Deal terms value CCO at $2.43/share, a 71% premium to its unaffected share price as of Oct 16, 2025; deal price is about 11% higher from Monday's close

** Agreement includes a 45-day "go-shop" period to solicit other bids, deal expected to close by end of Q3 2026

** CCO says equity financing for the transaction will be provided by Mubadala Capital alongside TWG Global

** Apollo APO.N has committed to invest preferred equity; debt financing provided by JPMorgan Chase Bank and Apollo

** As of last close, CCO stock down 0.9% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))