According to Bloomberg, ClearChannel is actively courting buyers and a full blown leverage buyout may be in the cards for the US radio and venue behemoth.

ClearChannel is heavily in debt and having a bit of an off year causing its share price to stagnate and making it a ripe target for a leveraged buyout. The market itself is often a great indication of deals in the offing and, the market for ClearChannel's debt has become significantly more volatile this week. In a leveraged buyout the purchaser(s) would likely borrow up to 66% of the purchase price, causing the value of ClearChannel's current debt to crumble as it takes on the additional burden of leverage.

"Given management's aggressive share repurchase and operational efforts, it's only natural they are frustrated in the performance of their stock and would consider a leveraged buyout,'' said Frederick Moran, an analyst for Stanford Group according to Bloomberg.

[via Bloomberg]