Acquisitions & Mergers
Mubadala Capital and TWG will purchase Clear Channel Outdoor for $6.2 billion.
By Kajal Sharma - 10 Feb 2026 05:50 PM
According to the business, Apollo Global Management funds have committed to investing preferred equity in the sale, while Mubadala Capital and TWG Global would provide equity financing for the transaction.A 45-day "go-shop" period is included in the agreement, according to Clear Channel Outdoor, which enables the business to request alternative takeover offers.
Clear Channel Outdoor Holdings announced Monday that it had reached an agreement to be purchased by Mubadala Capital, in collaboration with TWG Global, for a sum of $6.2 billion. According to the agreement, shareholders of Clear Channel Outdoor would get $2.43 in cash per share, which is 71% more than the company's unchanged share price, the statement stated.
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