Easyjet accepts rival takeover bid from US investor Apollo worth £5.7bn

Easyjet has opted to entertain a £5.7 billion takeover bid from US-based Apollo, signaling a potential exit from the London market. This move comes as Easyjet weighs a strategic shift, possibly to capitalize on Apollo's resources and expertise. The decision is significant as it could reshape the airline's operational landscape and influence its market presence, especially in light of the ongoing challenges in the aviation industry. Investors are keen to see how this bid will play out and what it means for Easyjet's future strategy.