Branson's fortunes increase

Richard Branson stands to make $316 million from the buyout of Virgin Media.

Millions for Branson in buyout

Richard Branson Credit: ITV News Meridian

Virgin Media, part owned by Oxfordshire's Richard Branson, is to be sold to US tycoon John Malone's Liberty Global in a deal worth more than twelve million pounds.

The company supplies almost five million households in the UK. Richard Branson will reportedly make around $316 million from the buyout.

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