World
EasyJet accepts takeover bid from US firm
The low-cost airline EasyJet has agreed to a takeover bid from Apollo after a competitor withdrew.
EasyJet has accepted a takeover offer of £5.7 billion from the US firm Apollo. This decision came after a previous competitor withdrew from the takeover process.
The acquisition is seen as a significant move for the airline, which operates in a challenging market. However, details regarding the implementation of the takeover process have not been disclosed.