Sir Richard Branson considers buying back Virgin Records
July 18 , 2012
Sir Richard Branson is mulling over buying back Virgin Records, the music company he founded more than 40 years ago.
Vivendi-owned Universal Music, the current owners, may sell Virgin in a bid to appease competition authorities.
Universal is looking to buy rival label EMI for $1.87 billion.
Sir Richard founded Virgin Records in 1970 at the age of just 20 and sold the company to Thorn EMI for $797 million in 1992.