upi.com·2 min read·medium
EasyJet agrees to $7.7 billion takeover bid from U.S. investment firm
✦AI Summary
EasyJet is considering a $7.7 billion takeover bid from U.S. investment firm Apollo Global Management. The airline's board is shifting its preference away from a previous agreement with Castlelake due to the higher valuation offered by Apollo.
Why it matters
Significant consolidation in the European aviation sector impacts market competition and travel industry pricing.
July 10 (UPI) -- British airline EasyJet said on Friday it is considering a takeover bid worth $7.7 billion from an U.S. investment firm.
businesseconomy
Political Bias
Center
LeftLean LCenterLean RRight
Confidence: 95%
Straightforward business reporting on corporate acquisition bids.
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