Deal to Sell Clear Channel for $19 Billion Is Approved
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The $19.5 billion sale of Clear Channel Communications to two private-equity firms cleared its final regulatory hurdle.
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Clear Channel Communications Inc., the nation's leading radio operator, on Thursday moved to strengthen its hold in Hispanic broadcasting with a plan to convert up to 25 stations to Spanish-language programming in the next 12 to 18 months.
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Market research firm M:Metrics reports that 19 million Americans have a strong interest in purchasing the device.
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The sale of shares by the Industrial and Commercial Bank of China as part of an I.P.O. could set a record by raising a project $19 billion.
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Communications regulators said on  Thursday they had approved the buyout of radio operator Clear  Channel Communications Inc by two private equity firms.
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Deal to purchase the streaming-media tools developer is valued at nearly $160 million in cash and stock.
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The US Federal Communications Commission (FCC) on Tuesday approved Cingular Wireless&#39; 41-billion-US dollar acquisition of AT&amp;T Wireless Services Inc.
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The consumer electronics chain received an unsolicited   buyout offer valued at $17 per share.
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Time Warner Inc.  and Comcast  Corp.  said on Monday they completed a deal to buy the  assets of bankrupt cable operator Adelphia Communications Corp.   valued at around $17 billion.
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News Corp., the media company controlled by Rupert Murdoch, agreed to sell eight of its Fox network-affiliated television stations in the United States to Oak Hill Capital Partners for about $1.1 billion in cash.
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The second-largest radio company in the U.S. based on station count has agreed to sell the company to a group of investors that includes the broadcasterâs chief executive.
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Nextel Communications Inc. yesterday gave final approval to a deal that gives it control over valuable new airwaves, ending a years-long lobbying battle among interest groups over how to reduce cell phone interference with police and fire radio systems.
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Cingular Wireless LLC won approval from US regulators for its $41 billion purchase of AT&amp;T Wireless Services Inc. on the condition the companies sell airwaves and give up customers in
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Alltel Corp. shareholders overwhelmingly approved a $24.7 billion buyout Wednesday that put the wireless company in the hands of two private investor groups.
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The $23 billion buyout of radio and outdoor advertising giant Clear Channel Communications could get antitrust approval from the Department of Justice as early as Wednesday, according to The Deal.com. The proposed buyout by Bain Capital and Thomas H. Lee Partners, which was announced more than a year ago, has already received approval from the Federal [...].
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The Justice Department yesterday approved the $41 billion merger of Cingular Wireless LLC and AT&amp;T Wireless Services Inc., requiring the combined company to sell off some assets in 11 states in order to satisfy antitrust concerns.
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Clear Channel Communications, the largest United States radio broadcaster, postponed a shareholder vote on its $19 billion sale by a month yesterday to improve the dealâs chances for approval.