Global Vía Pública (Global Media US LLC) Acquires Clear Channel Outdoor Businesses in Mexico, Peru and Chile

February 6, 2025

Clear Channel Outdoor Holdings, Inc. 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. Clear Channel received $20 million cash at closing (based on a $34 million enterprise value) and may receive up to an additional $1.25 million in an earn-out; the sale is part of Clear Channel's portfolio optimization to strengthen liquidity and focus on core segments.

Buyers
Global Media US LLC (d/b/a Global Vía Pública)
Targets
Clear Channel Outdoor business in Mexico, Clear Channel Outdoor business in Peru, Clear Channel Outdoor business in Chile
Sellers
Clear Channel Outdoor Holdings, Inc.
Transaction Type
Divestiture

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