EasyJet Gets £5. 7 Billion Apollo Bid Gatecrashing Castlelake EasyJet's financial struggles have taken a dramatic turn with American investment firm Apollo Global Management making a £5.
7 billion bid to take control of the struggling airline, roughly doubling its previous valuation. This development is set to shake up not only EasyJet's future but also that of the wider aviation sector.
Understanding the Apollo Bid: A Breakdown of EasyJet's Acquisition The offer from Apollo Global Management represents a significant 71% premium over EasyJet's closing price on Friday, making it a strategic play by the US firm to capitalize on the UK based airline's underperformance in recent years.