Clear Channel Outdoor reports Q1 revenue $373.86M, consensus $345.21M

The company said, “On February 9, 2026, the Company entered into a definitive agreement to be acquired by an investor consortium comprised of affiliates and/or certain investment funds advised by Mubadala Capital, in partnership with TWG Global . Under the terms of the Merger Agreement, the consortium will acquire all outstanding shares of the Company’s common stock, with the Company’s common stockholders receiving $2.43 per share in cash. The Merger is expected to close by the end of the third quarter of 2026, subject to the satisfaction of customary closing conditions, including receipt of required stockholder and regulatory approvals, such as review by the Committee on Foreign Investment in the United States. The applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired on April 9, 2026. Upon consummation of the Merger, the Company’s common stock will no longer be listed for trading on any public market.”