DOJ requires divestitures in proposed acquisition of Clear Channel by private equity funds | Practical Law

DOJ requires divestitures in proposed acquisition of Clear Channel by private equity funds | Practical Law

The US Department of Justice (DOJ) has announced that it will require divestitures of radio stations in four US cities to remedy concerns that the proposed US$28 billion acquisition of Clear Channel Communications Inc. (Clear Channel) by Bain Capital, LLC (Bain) and Thomas H. Lee Partners, L.P. (TH Lee) would substantially lessen competition in markets involving the sale of radio advertising or Spanish-language radio advertising, in violation of US antitrust laws.

DOJ requires divestitures in proposed acquisition of Clear Channel by private equity funds

by Practical Law
Law stated as at 13 Feb 2008 • USA (National/Federal)
The US Department of Justice (DOJ) has announced that it will require divestitures of radio stations in four US cities to remedy concerns that the proposed US$28 billion acquisition of Clear Channel Communications Inc. (Clear Channel) by Bain Capital, LLC (Bain) and Thomas H. Lee Partners, L.P. (TH Lee) would substantially lessen competition in markets involving the sale of radio advertising or Spanish-language radio advertising, in violation of US antitrust laws.