{"id":2996,"date":"2026-07-10T15:00:12","date_gmt":"2026-07-10T10:00:12","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=2996"},"modified":"2026-07-10T15:00:12","modified_gmt":"2026-07-10T10:00:12","slug":"easyjet-accepts-takeover-offer-from-by-private-equity-firm-apollo-amid-apparent-bidding-war-with-castlerock","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=2996","title":{"rendered":"EasyJet accepts takeover offer from by private equity firm Apollo amid apparent bidding war with Castlerock"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<\/p>\n<div id=\"article-0\">\n  <!-- lil observer --><\/p>\n<section class=\"content__body\">\n<p>British budget airline EasyJet said Friday it reached an agreement in principle for a \u00c2\u00a35.7-billion ($7.7billion) takeover by U.S. private equity firm Apollo, topping a <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/easyjet-castlelake-airline-takeover-bid\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">rival offer from fellow American private equity investor Castlelake<\/a><\/span>. <\/p>\n<p>The fresh offer signals a bidding battle could now emerge between the two U.S. investors for ownership of the carrier. <\/p>\n<p>Apollo&#8217;s offer of \u00c2\u00a37.15 per share beats Castlelake&#8217;s bid of \u00c2\u00a36.90 per share ($6.7 billion) by roughly $1 billion.<\/p>\n<p>EasyJet said the proposal delivered a &#8220;superior outcome&#8221; for shareholders and as such, its board &#8220;is no longer minded to recommend the Castlelake proposal.&#8221; <\/p>\n<p>Apollo has until 7 August to make a firm offer or walk away under U.K. regulations. <\/p>\n<p>EasyJet, listed in London, was set to be taken private by Castlelake after the carrier accepted its fifth beefed-up proposal on Sunday. <\/p>\n<p>Despite rebuffing the early offers, EasyJet opened the door to talks on June 25, agreeing to give the U.S. fund access to commercial information in the hope of securing a more attractive proposal.  <\/p>\n<p>In May, EasyJet reported losses deepened by 27 percent in the first half of the financial year to \u00c2\u00a3377 million as <a href=\"https:\/\/www.cbsnews.com\/us-iran-tensions\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">the US-Iran conflict<\/a> sent fuel prices soaring and upended travel plans. <\/p>\n<p>The company warned that the second half of the year would also be affected, though chief executive Kenton Jarvis said the airline was &#8220;well placed&#8221; to ride out the turbulence<\/p>\n<section class=\"content__body--footer\">\n<\/section>\n<p>  <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation  \">\n        <\/aside>\n<section class=\"content__body--footer\">\n      <!-- tags --><br \/>\n    <\/section>\n<\/section>\n<\/div>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>British budget airline EasyJet said Friday it reached an agreement in principle for a \u00c2\u00a35.7-billion ($7.7billion) takeover by U.S. private equity firm Apollo, topping a rival offer from fellow American private equity investor Castlelake. The fresh offer signals a bidding battle could now emerge between the two U.S. investors for ownership of the carrier. Apollo&#8217;s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2013\/09\/26\/7dd1f597-3598-11e3-8ce8-047d7b15b92e\/thumbnail\/1200x630\/2a0d8ad02d2ac5343de3a5b683112d76\/preview-A-319-photo001.jpg","fifu_image_alt":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-2996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-hub"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/2996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2996"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/2996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/2997"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}