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Talks stall in Clear Channel buy-out

Clear Channel’s proposed $19bn buy-out was on increasingly shaky ground Tuesday as private equity firms and banks remained at loggerheads over terms of the deal’s financing. Neither side had been in contact for the past few days, suggesting a stalemate, said people close to the deal. Another insider said Bain Capital and Thomas H. Lee, the private equity sponsors, remained committed to the deal and were waiting for the banks to fulfil their funding commitments.

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