Clear deal.Clear Deal: Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. Inc. agreed to be purchased by private-equity firms and the company's founding family for $18.7 billion. The deal, which also involves the assumption of about $8 billion in debt, ranked as the fourth-biggest leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. in history. The San Antonio-based radio and outdoor advertising operator accepted the winning bid of $37.60 a share from Boston-based firms Thomas H. Lee Partners  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Thomas H. and Bain Capital Partners. The company owns and operates about 1,150 radio stations, including KIIS KIIS Kansai Institute of Information Systems (102.7), KHHT (92.3), KBIG (104.3) and KOST (103.5) here. |
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