Mubadala Capital Completes $6.2 Billion Acquisition of Clear Channel Outdoor

Abu Dhabi-based Mubadala Capital has completed its $6.2 billion acquisition of Clear Channel Outdoor Holdings, a leading U.S. outdoor advertising company, following regulatory and shareholder approvals. The transaction expands Mubadala Capital’s U.S. private equity portfolio and reflects continued GCC institutional investment in established American businesses. Wade Davis has been appointed CEO and Executive Chairman following completion.

Read the original article:  Clear Channel Outdoor / SEC Announcement