Activist Client Global Media & Investment Ltd. Seeks FCC Approval to Buy up to 49.99% of IHeart Media Inc.

Firm News

Bloomberg reported that activist investor and Olshan client Global Media & Investments Ltd. is seeking FCC approval to increase its holdings in IHeart Media Inc., the biggest owner of radio stations in the U.S., to as much as 49.99% from its current 8.7% stake.

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Mizi Mehaj
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mmehaj@olshanlaw.com
212.451.2319

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