Clear Channel Shares Rise After Update on Acquisition Closing

02:44 PM EDT, 10/01/2026 (MT Newswires) -- Clear Channel Outdoor (CCO) shares were up over 2% in Thursday trading following a company update to the closing of its acquisition by a consortium comprised of affiliates and some investment funds advised by Mubadala Capital. The company said it now expects the acquisition to close early in Q4 of 2026. In February, it struck a deal with the consortium to buy the firm for $2.43 per share in cash. Price: 2.41, Change: +0.05, Percent Change: +2.34