• Mubadala Capital and TWG Global will acquire Clear Channel Outdoor in a USD 6.2B deal, taking the company private by 2026.
•  Investors are committing around USD 3B in equity to improve financial flexibility, reduce debt, and strengthen cash flow for growth.
• Shareholders will receive USD 2.43 per share in cash, with the transaction subject to regulatory and shareholder approvals before closing.

Mubadala Capital

Mubadala Capital, Abu Dhabi’s alternative asset management platform, in partnership with TWG Global is acquiring U.S billboard operator, Clear Channel Outdoor Holdings, in USD 6.2 billion deal. Moreover, the acquisition is creating a streamlined and nimble ownership structure, supported by long-term capital from Mubadala Capital.

“Clear Channel is a category leader with a strong platform and significant potential ahead. We look forward to supporting the company and its management through active ownership, disciplined execution, and long-term capital,” said Oscar Fahlgren, Chief Investment Officer of Mubadala Capital.

With approximately USD 3 billion of equity capital committed, the investment aims to enhance the company’s financial flexibility. It also aims to support ongoing deleveraging efforts, and reposition it to pursue new avenues of growth. 

Acquisition 

Under the agreement, the investment group will acquire 100% of Clear Channel’s outstanding common stock. This will result in Clear Channel’s common shareholders receiving USD 2.43 per share in cash. 

“We believe this transaction delivers compelling value to our shareholders, strengthens our financial flexibility by reducing debt and increasing cash flow to invest in the business, and positions Clear Channel for its next phase of long-term growth,” said Scott Wells, Chief Executive Officer of Clear Channel. 

The agreement was unanimously approved by Clear Channel’s Board of Directors. It expects that transaction will close by the end of the third quarter of 2026, subject to customary closing conditions. This includes receipt of required regulatory approvals and approval by Clear Channel’s common shareholders. Following the close of the transaction, Clear Channel’s common stock will no longer be listed for trading on any public market.