Apollo agrees to buy UK airline EasyJet in $7.7 billion deal as Castlelake withdraws

Apollo Global Management agreed to acquire EasyJet for approximately $7.7 billion, according to an announcement on Thursday. The deal followed Castlelake's withdrawal from bidding for the UK airline. EasyJet's share price fell following Castlelake's announcement that it would not proceed with a bid. The acquisition is subject to customary closing conditions and regulatory approvals.

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