Clear Channel Outdoor Holdings Inc. has signed a definitive agreement for its acquisition by Mubadala Capital in partnership with TWG Global. This all-cash transaction values Clear Channel at an enterprise value of $6.2 billion, marking a significant development in the company’s ongoing transformation.
Wade Davis, who is set to join Clear Channel as Executive Chairman following the completion of the deal, is collaborating with Mubadala Capital and TWG Global on this privatization effort. The acquisition will result in Clear Channel’s common shareholders receiving $2.43 per share in cash, a premium of 71% over the last trading day before news of the transaction emerged.
Clear Channel Outdoor has highlighted that the investment of approximately $3 billion in equity capital will enhance its financial flexibility and support ongoing deleveraging efforts, positioning the company for new growth opportunities. The transaction has been unanimously approved by Clear Channel’s Board of Directors and is expected to close by the end of the third quarter of 2026, pending regulatory approvals and shareholder consent. Following the acquisition, Clear Channel’s common stock will be delisted from public trading, and the company will continue to operate from its San Antonio headquarters.
