Key facts
- EasyJet's board has agreed in principle to a takeover bid.
- US investment firm Castlelake made the takeover bid for easyJet.
- The takeover bid for easyJet is valued at approximately £5.2 billion.
- The offer for easyJet is £6.90 per share.
- This is Castlelake's fifth bid for easyJet.
- EasyJet's board will recommend the offer to shareholders.
- Uber has paused most of its planned European food delivery expansion.
- Uber halted launches in five of seven targeted European countries.
- Austria, Norway, and Greece are among the countries where Uber paused expansion.
- Uber is pursuing a takeover of Delivery Hero.
EasyJet's board has reached an agreement in principle with US investment firm Castlelake regarding a potential takeover offer. The proposed acquisition is valued at approximately £5.2 billion, with each share offered at £6.90. This is Castlelake's fifth bid for the airline. The easyJet board has indicated that it would recommend this offer to its shareholders.
In a separate development, Uber has paused most of its planned European food delivery expansion. The company has halted launches in five of the seven countries it had targeted for expansion. These countries include Austria, Norway, and Greece. This strategic pause comes as Uber continues to pursue a takeover of Delivery Hero. The specific details of the Delivery Hero takeover talks were not provided, but the halt in expansion suggests a focus on this potential acquisition.