Clear Channel Outdoor Holdings Inc. is set to leave the public markets after agreeing to be taken private in a sweeping $6.2 billion all-cash transaction led by Mubadala Capital in partnership with TWG Global.
The deal, announced late Monday, marks a dramatic turn for one of the world’s largest outdoor advertising companies — a business that beams its messages from highways, airports and city skylines across the globe.
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Under the agreement, Clear Channel shareholders will receive $2.43 per share — a striking 71% premium over the company’s last unaffected closing price of $1.42 on Oct. 16, according to the company’s announcement.
The transaction, unanimously approved by Clear Channel’s board of directors, is expected to close by the end of the third quarter of 2026, pending customary regulatory approvals and shareholder consent.
Once finalized, Clear Channel’s shares will cease trading on public markets. Investors appeared cautiously optimistic Tuesday, sending the stock up roughly 8%.
