DOJ investigation into TWG Global is not likely to affect the close of the Clear Channel Outdoor buyout (Billboard Insider)

TWG Global is a partner in the pending buyout of Clear Channel Outdoor. Based on a whistleblower’s account, authorities began to explore whether Guggenheim Investments, partly owned by TWG, might have used misleading contracts to inflate revenue and secure a better deal. SignValue’s Take: Not sure this impacts the close of the Clear Channel Outdoor transaction. […]