$6.2BTake-privateMedia & TelecomCompleted
Mubadala Capital closes $6.2B buyout of Clear Channel Outdoor
Mubadala Capital completed its acquisition of Clear Channel Outdoor Holdings in a deal valued at about $6.2 billion, after regulatory and shareholder approvals. Former TelevisaUnivision chief Wade Davis takes over as CEO and executive chairman, succeeding Scott Wells. Clear Channel's stock will be delisted from the NYSE.
Why it matters: A Gulf-backed investor now owns one of America's biggest billboard operators, and a seasoned media dealmaker is running it.
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