Two bidders are better than one. But easyJet’s exit is depressing for the London market | Nils Pratley

EasyJet's potential takeover by US private equity firms Apollo and Castlelake has sparked a bidding war that could determine the airline's future. The arrival of Apollo has intensified the competition, surprising many and complicating the situation for easyJet's board. This market drama highlights the growing influence of US private equity in the UK, raising concerns about the impact on London's financial market and the broader implications for domestic companies facing international buyout pressure. The outcome will be crucial for investors and could set a precedent for future corporate takeovers.