The deal for the British airline caps a weekslong bidding war with American private equity and aircraft leasing group Castlelake.
Apollo to Buy European Budget Airline easyJet for $7.7 Billion
US Business
Prosus to Buy Latin American Online Travel Agency Despegar for $1.7 Billion
The investment group, which is Tencent’s largest shareholder, aims to serve 100 million customers across local e-commerce, travel and fintech sectors following the acquisition.
US Business
High Gas Prices Are Tempting Americans Back to EVs
Sales of electric vehicles plunged after the president ended a $7,500 tax credit, but high gas prices just helped drive a 12% jump in used-EV sales.
US Business
U.S. Weighs Export Controls on China’s Top Chip Maker
The Trump administration is weighing whether to place export restrictions on Semiconductor Manufacturing International Corp., China’s most advanced manufacturer of semiconductors.