Friday, December 9, 2022 | Back issues
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U.S. Blocks Acquisition Of Clear Channel

WASHINGTON (CN) - The USA seeks to enjoin Bain Capital and Thomas H. Lee Partners' proposed $28 billion acquisition of Clear Channel Communications, the nation's largest radio chain, in an antitrust claim in Federal Court. Uncle Sam says Bain and Lee have substantial interest in Cumulus Media Partners, another nationwide operator of radio stations.

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