Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) announced it has received clearance from the Committee on Foreign Investment in the United States (CFIUS) for its pending acquisition by Mubadala Capital, satisfying all regulatory requirements needed to complete the transaction.

The merger is expected to close on or about October 14, 2026, subject to remaining customary closing conditions. Under the terms of the previously announced definitive agreement, stockholders will receive $2.43 per share in cash upon completion.

Following the closing, Clear Channel Outdoor's common stock will cease trading and will no longer be listed on the New York Stock Exchange.

Mubadala Capital is a subsidiary of Mubadala Investment Company and describes itself as a global alternative asset management platform managing, advising, and administering over $755 billion in assets. The firm has offices in Abu Dhabi, London, New York, Rio de Janeiro, and San Francisco.