How did Apollo win EasyJet's £5.7bn takeover?
Apollo, the US private equity firm, agreed to buy EasyJet for £5.7bn after rival bidder Castlelake withdrew from the takeover race on Thursday. EasyJet's board backed Apollo's £7.15-a-share offer, which now needs shareholder and regulatory approval before the airline goes private. Founder Stelios Haji-Ioannou, who holds about 15% of shares, plans to roll his stake into the new ownership rather than cash out.
Lost in this story? That's the point of BriefTea.
Open it in the app and tap Learn from this — the Knowledge Galaxy turns the story into a map of everything it assumes you know, one tap at a time. Free, no ads, no paywall.
Get BriefTea on the App Store