CFIUS Clears Mubadala Capital Acquisition of Clear Channel Outdoor

Mubadala Capital received clearance from the Committee on Foreign Investment in the United States (CFIUS) for its pending acquisition of Clear Channel Outdoor Holdings, Inc. This approval satisfies all remaining regulatory requirements for the merger, which is expected to close on or about October 14, 2026, provided customary closing conditions are met or waived.

Under the terms of the definitive agreement, Clear Channel Outdoor stockholders will receive $2.43 per share in cash. Once the transaction is complete, the company's common stock will be delisted from the New York Stock Exchange and will cease trading.