Media giant Clear Channel has finally accepted a buyout offer, reports The Associated Press, and oddly enough, it looks a lot like the one they received last month, per Blogging Buyout's assessment.

Thomas H. Lee Partners and Bain Capital Partners bought the keys to chez Clear Channel for $19.45 billion. That figure breaks down to $39.20 per share, up from the $39 they offered last month.

The new offer was accepted by Clear Channel's once-resistant board because, unlike the initial one, it allows Clear Channel shareholders to maintain ownership in the new company.

The deal still requires shareholder approval, but given the unique shareholder allowance, that is not expected to be a major hurdle. The private equity teams will own 70 percent of the company, while shareholders maintain the other 30 percent.

Analysts believe this type of agreement is unlikely to become commonplace.