EasyJet accepts £5.7bn takeover bid from US investment firm Apollo

Budget airline EasyJet has agreed to a £5.7 billion takeover by US firm Apollo. The deal was finalised after a rival bidder withdrew from the race to acquire the carrier. Apollo is a major American investment firm that had been competing to purchase the low-cost airline. The agreement marks a significant change in ownership for one of Europe's largest budget carriers.
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