Abu Dhabi sovereign fund bets $6.2 billion on America’s billboards (PPC Land)

Luis Rijo. Mubadala Capital and TWG Global will acquire Clear Channel Outdoor for $6.2 billion at $2.43 per share, representing 71% premium and one of advertising industry's largest leveraged buyouts. Clear Channel Outdoor Holdings this week agreed to a $6.2 billion take-private transaction with Mubadala Capital and TWG Global that values shareholders at $2.43 per share in cash. […]