2 stories
British airline easyJet has agreed to a £5.7 billion takeover by U.S. private equity firm Apollo Global Management. The deal follows the withdrawal of a rival bidder that had also been pursuing the carrier. It still needs approval from shareholders and regulators in the UK and EU.
Paramount Skydance chief executive David Ellison broke his silence on the company's $110 billion merger with Warner Bros, addressing sustained criticism of the deal. Ellison argued that critics of the merger are relying on an "outdated Hollywood model" that no longer reflects how the media industry operates. The comments mark the executive's most direct public defense yet of the tie-up since it was announced.