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Clear Channel Outdoor Holdings, Inc. Sells Businesses in Mexico, Peru and Chile to Global Media US LLC
CCOClear Channel Outdoor(CCO) Prnewswire·2025-02-06 19:30

SAN ANTONIO, Feb. 6, 2025 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced it has completed the sale of its businesses in Mexico, Peru and Chile to Global Media US LLC, doing business as Global Vía Pública in a simultaneous sign and close transaction. The Company has received $20 million cash at closing based on a $34 million Enterprise Value. The Company is also eligible to receive an additional $1.25 million earn-out. The consideration may be subject to furt ...