Clear Channel Outdoor Receives CFIUS Clearance for Acquisition by Mubadala Capital
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) has received clearance from the Committee on Foreign Investment in the United States (CFIUS) regarding its pending acquisition by Mubadala Capital. This regulatory approval clears a major hurdle and allows the merger to proceed as planned. The transaction is expected to close around October 14, 2026, subject to customary closing conditions being satisfied or waived. Shareholders of Clear Channel Outdoor will receive $2.43 per share in cash upon completion of the deal. Following the acquisition, CCO's common stock will no longer be listed on the New York Stock Exchange. Mubadala Capital is a global alternative asset management firm with over $755 billion under management and operates across multiple financial sectors including private equity, credit, venture capital, and real estate.
Tickers: $CCO
Topics: CFIUS clearance merger announcement stockholder payout