Los Angeles Business Journal

Branson to Bid for Virgin Records

Wednesday, July 18, 2012

Billionaire Richard Branson said he is interested in buying back Virgin Records if Universal Music is forced to offload the company to gain regulatory clearance to take over EMI. The Guardian reports that Branson, who started the record company as a mail-order delivery service in 1970, has held conversations with French entrepreneur Patrick Zelnik on a joint bid.