EasyJet Accepts Apollo's £5.7bn Takeover Bid Over Rival Castlelake Offer

Guardian — US—EasyJet's board accepted a £5.7 billion ($7.7 billion) takeover offer from Apollo Global Management, snubbing a competing bid from Castlelake to back the larger US private equity firm's proposal. Shares in easyJet jumped 13% on the announcement. Apollo's bid values the airline at a significant premium to where shares were trading before the takeover battle emerged. The deal, if completed, would take one of Europe's biggest budget carriers private under US ownership at a time when the airline sector is navigating post-pandemic recovery and continued competitive pressure. A formal takeover process is now underway.

• Guardian — US — US private equity giant Apollo enters the easyJet bidding race with a £5.7 billion offer
• Daily Mail — EasyJet accepts rival £5.7bn takeover bid from US investor Apollo over Castlelake
• The Independent (UK) — EasyJet shares soar 13% after the airline accepts Apollo's US takeover bid
• Financial Times — Apollo trumps Castlelake with £5.7bn deal to buy easyJet
• The Irish Times — Apollo trumps Castlelake with a £5.7 billion deal to acquire easyJet
• CBS News — EasyJet accepts Apollo's takeover offer, choosing it over Castlelake's rival bid
• BBC — EasyJet agrees to a surprise takeover as a rival US firm sweeps in to outbid Castlelake
• The Globe and Mail — EasyJet backs Apollo's bid over Castlelake offer, setting up a potential takeover battle
• CNBC — EasyJet shares pop 13% as the airline weighs the $7.7 billion Apollo offer
• Reuters — EasyJet backs rival $7.7 billion Apollo bid as takeover battle brews