easyJet’s board is moving toward recommending a rival takeover offer from US private equity firm Apollo, valuing the airline at about £5.7 billion. Multiple outlets report that Apollo’s all-cash bid comes after easyJet had accepted or considered an earlier potential takeover approach from another US private equity firm, Castlelake. The BBC and The Guardian describe the board as being “minded to recommend” Apollo’s proposal in principle, suggesting it will be put to shareholders for approval. MarketWatch and The Guardian characterize the situation as the start of a bidding war, with Apollo’s offer surpassing the Castlelake bid. The Guardian adds that easyJet’s board supports the idea of recommending Apollo’s offer to shareholders, which values the company at around 7.15 pence per share. Other reports note easyJet is also considering an exit from the London market, providing context for the bids. Together, the coverage indicates that investors are being asked to consider Apollo’s offer and that competing private equity interest is driving the process forward.