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Clear Channel Deal Expected to Close in Q1 ‘08
Clear Channel is still pursuing the deal that will take it private with two equity firms, but is now expecting the deal to close in the first quarter of 2008 rather than before the end of the year.
Clear Channel says the two private equity firms are waiting for FCC approval and for the expiration or termination of the waiting period imposed by the Hart-Scott-Rodino Act, writes MarketWatch.