Clear Channel Outdoor clarifies merger funding includes about $2.9 billion from Mubadala-affiliated funds
CCO•Clear Channel Outdoor amended its merger disclosure on October 16, 2026, reporting about $2.9 billion in equity investments from Mubadala-affiliated funds. Other funding included incremental term loans and company cash, while equityholders were due about $1.3 billion in cash at closing.
1. Merger funding
Clear Channel Outdoor amended its merger disclosure on October 16, 2026, reporting approximately $2.9 billion in equity investments from Mubadala-affiliated funds. Other funding sources included incremental term loans and company cash on hand. Cash consideration payable to equityholders at closing totaled approximately $1.3 billion, and the merger made the company a wholly owned subsidiary of Parent.
