Richard Branson, the kite-surfing entrepreneur who built a fortune starting from a London record store, stands to reap $316 million from the buyout of U.K. cable operator Virgin Media Inc. by John Malone’s Liberty Global Inc.
Branson, who is worth more than $5 billion based on the Bloomberg Billionaires Index, owns 6.6 million Virgin Media shares through RBC Trusts and Virgin Entertainment Investment Holdings, according to data compiled by Bloomberg. Liberty Global agreed Wednesday to buy the company for $16 billion, paying a 24 percent premium to Virgin Media’s closing price on Feb. 4.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
