EasyJet Agrees to £5.7 Billion Takeover by US Firm Apollo

3-line summary

• EasyJet agreed to be taken over in a £5.7 billion deal by US firm Apollo, according to a BBC report.
• The deal was announced after rival suitor Castlelake said it was dropping out of the bid battle for the airline, according to the report.
• EasyJet is one of Europe's largest airlines, employing more than 19,000 people and flying around 1,200 routes across 35 European countries, according to the report.

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