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Sir Richard Branson considers buying back Virgin Records

  • 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.