British budget airline EasyJet said Friday it reached an agreement in principle for a £5.7-billion ($7.7billion) takeover by U.S. private equity firm Apollo, topping a rival offer from fellow American private equity investor Castlelake. The fresh offer signals a bidding battle could now emerge between the two U.S. investors for ownership of the carrier. Apollo’s … Read more
Rome — A bidding war is underway for the world’s oldest bank, Italy’s Banca Monte dei Paschi di Siena (MPS). Founded in 1472 by the Republic of Siena to provide credit to poorer citizens, the Tuscan lender has evolved over more than five centuries into one of Italy’s largest banking institutions and a cornerstone of … Read more
In today’s newsletter: Bill Clinton faces questioning from members of Congress over his Epstein ties. Netflix dramatically pulls out of the bidding war for Warner Bros. And North Korea’s Kim Jong Un fuels succession buzz. Here’s what to know today. Former president Bill Clinton will be first president to testify in House hearing in 40 … Read more