Clear Channel Outdoor Receives CFIUS Clearance for Acquisition by Mubadala Capital
PR Newswire•07/10/2026•16:30 ET
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Key Highlights
- ➤CFIUS clearance obtained for Mubadala Capital’s acquisition of Clear Channel Outdoor (CCO)
- ➤Merger expected to close on or about October 14, 2026
- ➤CCO stockholders to receive $2.43 per share in cash
- ➤CCO shares will cease trading and delist from the NYSE after closing
Clear Channel Outdoor Receives CFIUS Clearance for Acquisition by Mubadala Capital PR Newswire
SAN ANTONIO, Oct. 7, 2026 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced it has received clearance from the Committee on Foreign Investment in the United States ("CFIUS") in connection with the Company's pending acquisition by Mubadala Capital (the "Merger"). With the receipt of CFIUS clearance, all regulatory requirements to complete the Merger have been obtained, and the Company expects the Merger to close on or about October 14, 2026, subject to the satisfaction or waiver of the remaining customary closing conditions.
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