Clear Channel Outdoor Acquired by Mubadala Capital and TWG Global for $6.2B (CHL: +1.2%)

Clear Channel Outdoor (CHL) agreed to be acquired by Mubadala Capital and TWG Global in a $6.2 billion all-cash transaction, effective immediately. The deal, valued at $33.50 per share, reflects a 12.5% premium to the company's closing price on February 9, 2026. The acquisition is expected to close in the first quarter of 2026, pending regulatory approvals. The transaction underscores continued consolidation in the outdoor advertising sector amid shifting digital ad spending.