Thursday 4 October 2007

Branson: Aims to Expand Virgin empire and buy ITV

Sir Richard Branson has signalled that cable group Virgin Media has not abandoned its ambitious plans to buy ITV.
Sir Richard, Virgin Media's largest shareholder, also suggested his Virgin group would retain its 10.5% stake if the cable company is sold.

Speaking today from his home in Oxfordshire at the launch of Virgin 1 channel, Sir Richard was asked about recent takeover approaches from private equity groups and what a sale would mean for the Virgin Media brand

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