1416 ET - Following Monday's announcement that Mubadala Capital would buy Clear Channel Outdoor, Anson Funds portfolio manager Sagar Gupta says, "We congratulate the Board on taking this critical step towards value maximization and look forward to watching the go-shop process unfold." Gupta leads activism strategy at Anson, which owned a 3.67% stake in Clear Channel as of Sept. 30. Bloomberg reported in September that Anson was pushing for a sale. Before Anson, Gupta was at Legion Partners, which in 2023 called for Clear Channel to consider options including a sale. Clear Channel and Legion eventually reached a cooperation agreement. Mubadala, in a partnership with TWG Global, agreed to pay $2.43 a share for Clear Channel in a deal with a $6.2 billion enterprise value. Clear Channel surges 8% to $2.37. (josh.beckerman@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 14:17 ET (19:17 GMT)
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