According to @business, Mubadala Capital is exploring an acquisition of Clear Channel Outdoor CCO, indicating live M&A interest in the out-of-home advertising operator (source: Bloomberg/@business). Based on this report, traders should watch for potential takeover-premium repricing in CCO equity and shifting merger-arbitrage spreads as deal odds evolve (source: Bloomberg/@business). The capital structure could see moves as CCO bonds and credit spreads react to possible leverage and refinancing dynamics if a formal bid materializes, creating opportunities in equity-credit relative value (source: Bloomberg/@business). The report does not reference any crypto exposure, suggesting limited direct digital-asset impact while headline-driven risk appetite could see short-term effects (source: Bloomberg/@business).

According to @ReutersBiz, BBVA CEO Onur Genc said the bank has $9.4 billion in capital ready to fund a mandatory cash offer for Banco Sabadell if its hostile offer fails to secure sufficient shareholder acceptance, source: Reuters Business, Oct 6, 2025, https://reut.rs/46RGahL. @ReutersBiz reports this confirms BBVA’s capacity to proceed on a cash-bid path, providing a concrete financing figure that equity desks can use to benchmark deal scenarios and price risk in BBVA and Sabadell shares, source: Reuters Business, Oct 6, 2025, https://reut.rs/46RGahL. @ReutersBiz does not reference any direct crypto market impact or changes to digital-asset services, indicating the immediate implications are centered on European bank equities rather than crypto, source: Reuters Business, Oct 6, 2025, https://reut.rs/46RGahL.