Easyjet agrees in principle to £5.7bn takeover bid by US private equity firm

EasyJet agrees in principle to rival £5.7bn takeover bidImage source, ReutersPublished10 July 2026, 07:30 BSTUpdated 12 minutes agoNo-frills airline EasyJet says it has agreed in principle to a £5.7bn takeover proposal from US firm Apollo Management.The bid trumps a previous bid from US investment firm Castlelake that EasyJet had also agreed to in principle at the weekend.EasyJet is one of Europe's largest airlines. Airline’s board minded to recommend deal – after accepting rival one from Castlelake earlier this weekBusiness live – latest updatesThe board of easyJet has given the green light to a possible £5.7bn offer from the US private equity firm Apollo, as the low-cost airline becomes the subject of a surprise bidding war.The company’s board said on Friday that it was “minded to recommend” the potential all-cash offer, which values the business at £7.15p a share, to shareholders.