Clear Channel Outdoor stock soars after Mubadala Capital takeover report

Published 17/10/2025, 20:22
© Reuters.

Investing.com -- Clear Channel Outdoor Holdings Inc (NYSE:CCO) stock surged 32% Friday before trading was halted due to a circuit breaker following a Bloomberg report that Mubadala Capital is exploring an acquisition of the billboard operator.

According to the report, the asset management arm of Abu Dhabi sovereign wealth fund Mubadala Investment Co. has been working on a potential deal for Clear Channel Outdoor. The news comes as the company faces pressure from activist investor Anson Funds Management to sell itself.

Clear Channel Outdoor remained higher by 28% after shares resumed trading.

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