Mubadala Capital, the asset management arm of Abu Dhabi’s sovereign wealth fund, is exploring an acquisition of Clear Channel Outdoor (CCO) Holdings, people familiar with the matter told Bloomberg’s Liana Baker and Dinesh Nair. Shares of the billboard company have jumped 46c, or 32%, to $1.88 in afternoon trading following the report.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCO:
- Clear Channel Outdoor price target raised to $2.50 from $1.60 at TD Cowen
- Strategic Buy Recommendation for Clear Channel Outdoor Amid Favorable Market Conditions and Shareholder Pressure
- Pfizer to acquire Metsera, Oracle names new CEOs: Morning Buzz
- Clear Channel Outdoor pushed by activist to pursue sale, Bloomberg says
- Clear Channel Outdoor price target raised to $1.35 from $1.25 at Citi