audio

EasyJet Takes Off on $7.7 Billion Apollo Bid

EasyJet Faces Another Bidder: What This Means for Air Travel and Tech Investors EasyJet has been at the center of a tumultuous few months, with the budget airline initially accepting a $7.

3 billion takeover offer from Castlelake just last Monday. However, Apollo Global Management has now entered the fray with a bid worth $7. 7 billion. The proposed offer price of £7. 15 ($9.

61) per share represents an 81% premium over EasyJet's valuation on May 28. This significant jump suggests investors are betting big on the airline's future.

Read the full story

Read on Vociamo →