British low-cost airline easyJet accepted an improved takeover proposal from US private equity firm Apollo on Friday, triggering a bidding battle after the new £5.7 billion offer surpassed a rival proposal from Castlelake .
Apollo’s offer, valued at £5.7 billion (approximately $7.7 billion) , exceeds Castlelake’s bid and marks the start of what analysts described as a bidding war for the airline, which operates primarily across European destinations.
In a
