JCDecaux Enters Clear Channel Picture

JCDecaux SA may soon enter the auction for rival Clear Channel Outdoor Holdings Inc., according to the Wall Street Journal. The paper says that the French company is discussing a joint bid with two undisclosed private equity firms. Two private equity consortiums already have formed to bid. The first includes Blackstone Group, KKR and Providence Equity Partners. The other includes Thomas H. Lee Partners, Texas Pacific Group and Bain Capital.