RSS Feed by Calculated Risk on 3/25/2008 04:13:00 PM
Tuesday, March 25, 2008
WSJ: Clear Channel Deal Near Collapse
From the WSJ: Clear Channel Communications' Privatization Deal Is Near Collapse
The $19 billion privatization of Clear Channel Communications Inc. was near collapse as the private equity firms behind the deal and the banks financing it failed to resolve their differences over the terms of the credit agreement ...This is a deal no one wants - except Clear Channel's current owners.
