Branson will bid for Virgin Records if UMG sells
Richard Branson will bid for Virgin Records if it is sold by Universal Music Group as a condition of the major label’s proposed £1.2 billion acquisition of EMI Music.
Spokesman for Branson Nick Fox said the prospect of buying the label would be the route back into the recorded music industry the company has been looking for.
“Richard Branson and Virgin have been assessing how to get back into the recorded music business for many years,” Fox told press.
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