Overview
- Public shareholders will receive $2.43 in cash per share, a 71% premium to the $1.42 unaffected price on Oct. 16, 2025.
- Approximately $3 billion of committed equity is intended to bolster financial flexibility and accelerate deleveraging.
- Wade Davis is expected to become executive chairman, with leadership framing the deal as a catalyst for cash-flow-funded growth.
- Clear Channel retains its San Antonio headquarters, with a 45‑day go‑shop period and an expected closing by the end of September.
- The company operates about 61,200 displays in 81 U.S. markets and leads media operations in 60+ U.S. airports, assets the buyers view as a platform for modernization.