Branson offers to sacrifice £42m windfall

Richard Branson has offered to miss out on a £42m (€61m) windfall to secure a takeover of Virgin Mobile by cable giant NTL, it emerged tonight.

Branson offers to sacrifice £42m windfall
Mon, 16 Jan, 2006 - 19:37

Richard Branson has offered to miss out on a £42m (€61m) windfall to secure a takeover of Virgin Mobile by cable giant NTL, it emerged tonight.

The billionaire founder of the Virgin empire has agreed to accept a lower price for his 71.3% stake in the mobile phone firm than has been offered to minority shareholders.

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CourtsBusinessHeathrowPlace: UKPerson: BransonPerson: Richard BransonPerson: SirPerson: Robert GrindleOrganisation: Virgin MobileOrganisation: NTLOrganisation: Virgin empireOrganisation: VirginOrganisation: Virgin GroupOrganisation: NasdaqOrganisation: BransonOrganisation: FidelityOrganisation: Dresdner Kleinwort WassersteinOrganisation: T-Mobile
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