FORTUNE -- The Dell (DELL) buyout seems to have been dragging on forever, but it has a long ways to go before calling the folks at Guinness.
From what I can tell, the longest formal buyout process of all time belongs to Bain Capital and Thomas H. Lee Partners' pursuit of Clear Channel Communications.
In that case, Clear Channel announced on Nov. 14, 2006 that it would be acquired by Bain and THL for $37.60 per share (total value of around $18.7 billion). But the deal did not close until more than 20 months later (July 30, 2008), at a price of $36 per share.
In between were:
In contrast, it only has been six months since Dell agreed to be taken private. That's twice as long as the famed RJR Nabisco deal -- as memorialized in Barbarians at the Gate -- but so far less than one-third of the Clear Channel saga.
And unless Carl Icahn manages to convince a court that Dell's special committee is improperly in Michael Dell's back pocket -- a tough sell, given that it has successfully extracted a higher price -- then the whole thing should wrap up within one year of the original offer.
An interminable process, to be sure, but we've seen worse...
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Radio giant changes M&A boss.
Drew Lipsher is no longer running business development at Clear Channel Communications (CCMO), Fortune has learned.
Lipsher joined the media and advertising giant last April, after having spent nearly five years as a venture capitalist with Greycroft Partners, which focuses on early-stage digital media investments. Before Greycroft, Lipsher was a senior corporate development exec with such companies as Interscope-Geffen-A&M, News Corp. and BMG Entertainment.
Two-word explanation: Bob Pittman.
Pittman was MOREDan Primack - Jan 3, 2012 2:48 PM ET
Clear Channel made some big personnel news this morning, announcing that it has hired Bob Pittman as chairman of media and entertainment platforms. For the uninitiated, Pittman is the former CEO of MTV Networks and AOL Networks, plus served as COO of AOL and AOL Time Warner. He also runs a venture capital firm called Pilot Group.
Part of the arrangement involves a "significant" investment by Pittman into Clear Channel, which is majority-owned MOREDan Primack - Nov 15, 2010 10:24 AM ET
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