Clear Channel Outdoor Finalizes $6.2B Acquisition by Mubadala Capital at $2.43/Share
CCO sits 91% above its 52-week low of $1.27.
Summary
Clear Channel Outdoor's acquisition by a Mubadala Capital-led consortium closed at $2.43 per share in cash. The company will delist from the NYSE, and leadership has transitioned to Wade Davis as CEO.
Key Events · M&A and Partnerships · CCO
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Merger Completed at $2.43/Share
The acquisition by Madison Parent Inc. (Mubadala Capital-led consortium) closed on October 14, 2026. Each outstanding share of Clear Channel Outdoor common stock was converted into the right to receive $2.43 in cash, without interest.
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Total Consideration ~$1.3B
Total cash consideration payable to equityholders at closing was approximately $1.3 billion. Funding came from approximately $3.3 billion in equity investments by Mubadala-affiliated funds, $100 million in incremental term loans, and company cash on hand.
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NYSE Delisting Requested
The company notified the NYSE on October 14, 2026 that the merger was completed and requested suspension of trading and removal of listing. A Form 25 will be filed to deregister the common stock under Section 12(b).
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Leadership and Board Overhaul
Scott Wells ceased serving as CEO and President. Wade Davis was appointed President and CEO. All ten existing directors resigned, replaced by Wade Davis, Lynn Feldman, and David Sailer.
Analysis · CCO · Trade & Services
The acquisition of Clear Channel Outdoor by a Mubadala Capital-led consortium closed on October 14, 2026, converting each outstanding share into $2.43 in cash. This marks the final step in a transaction first announced in February 2026 and cleared by CFIUS on October 7. The deal takes the company private, triggers delisting from the NYSE, and involves approximately $1.3 billion in equity consideration plus $100 million in new term loans and $1.87 billion in senior note redemptions. CEO Scott Wells has been replaced by Wade Davis, and the entire board has turned over. For shareholders, this is the terminal event — the stock will cease trading and they will receive cash.
How filings like this one have moved
In the 30 days to Oct 14, 2026, 43.6% of the 289 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.48%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CCO was trading at $2.42 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $1.27 to $2.46. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.