Abu Dhabi’s Mubadala Capital and U.S. private equity TWG Global have agreed to acquire Clear Channel Outdoor Holdings in a $6.2B all-cash deal.
U.S. Stock Exchange
The investor group will acquire 100% of the New York Stock Exchange-listed outdoor listed advertising firm’s shares for $2.43 each; a 71% premium to the company’s unaffected stock price before speculation over a possible deal
Channel Commentary
In a statement online, Scott Wells – the CEO of Clear Channel – outlined the strength of the transaction with the UAE SWF: “the transaction will strengthen our financial flexibility by reducing debt and increasing cash flow to invest in the business.”
Financial Advisors
Guggenheim Securities, LLC and J.P. Morgan Securities LLC are serving as financial advisors to Mubadala whilst Kirkland & Ellis LLP are acting as legal advisors to the firm with shareholders supporting the acquisition.
Clear Channel has committed to a full release of Q4 2025 results on 26 February 2026.
Regulatory Oversight
The acquisition remains subject to regulatory and shareholder approvals.
Clear Channel cautioned the risk of SEC filings. SEC filings are financial statements, periodic reports, and other formal documents that public firms, broker-dealers, and insiders are required to submit to submit to the U.S. Securities and Exchange Commission (SEC).
Mubadala Capital, a subsidiary of sovereign wealth fund Mubadala Investment Company, manages more than $430B in assets.
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