Clear Channel Outdoor Completes Acquisition by Mubadala Capital
Clear Channel Outdoor Holdings has completed its acquisition by Mubadala Capital, valued at approximately $6.2 billion. The deal closed after receiving necessary regulatory approvals and shareholder consent. With the transaction finalized, Clear Channel's stock will be delisted from the New York Stock Exchange. Wade Davis has been appointed as CEO of Clear Channel, succeeding Scott Wells who is stepping down but remains an advisor during the transition period. John Halley joins the company as Chief Commercial Officer to lead commercial activities across all departments.
Tickers: $CCO
Topics: acquisition delisting leadership change
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