EasyJet agrees to £5.7bn takeover by US firm

EasyJet accepted a firm £5.7bn takeover offer from US firm Apollo Global Management after rival bidder Castlelake dropped out.

Justin Tomlinson

Editor-in-Chief, Mora Discover

2 sources
EasyJet agrees to £5.7bn takeover by US firm

EasyJet has formally agreed to a £5.7bn takeover offer from US private equity firm Apollo Global Management. The airline announced on Thursday that it accepted the firm offer from Apollo, moving the no-frills carrier toward acquisition by the American investment group.[1][2]

The agreement with Apollo Global Management was reached after rival bidder Castlelake decided to drop out of contention. Castlelake officially stated that it would no longer pursue its own attempted acquisition, walking away from the process and leaving Apollo to complete the deal for EasyJet.[1][2]

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