Abu Dhabi's Mubadala Eyes Clear Channel Billboard Business
Mubadala Capital explores acquisition of Clear Channel Outdoor Holdings as outdoor advertising deals heat up globally. Stock jumps 19% on takeover speculation.
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Mubadala Capital explores acquisition of Clear Channel Outdoor Holdings as outdoor advertising deals heat up globally. Stock jumps 19% on takeover speculation.
Activist investors want Clear Channel Outdoor to sell due to its massive $5 billion debt. CCOH finished shifting to a US-focused ad company, but high debt remains the chief concern for analysts and shareholders.