Bauer to buy Clear Channel Europe for $625 million subject to approval
Clear Channel Outdoor Holdings, Inc. (CCO) has agreed to sell its Europe-North segment to Bauer Radio Limited for $625 million, subject to adjustments. This strategic move supports CCO’s plan to optimise its portfolio by focusing on its America and Airports segments, improving cash flow, and reducing leverage. The sale, expected to close in 2025 pending regulatory approvals, will help CCO fully prepay $375 million in term loans, with remaining proceeds managed under debt agreements. Bauer Media aims to strengthen its media offerings and digital transformation through this acquisition. CCO will reclassify the Europe-North segment as discontinued operations in its financial statements. Advisors for the transaction include Moelis & Company LLC and Deutsche Bank Securities Inc.

