May 15, 2009

Branson cut his stake in Virgin Media two years ago

According to this story on MediaGuardian, Sir Richard Branson's no longer Virgin's largest stakeholder. In fact he cut his stake in the company down to 6.3% two years ago but it's only just become public. He's still there in those Scary Spice ads showing at the cinemas of course, but he's only the fourth largest shareholder in the company now - Fidelity are the biggest.


Dazz285 said...

Perhaps he got fed up waiting for HD ;-)

Anonymous said...

probably used the money to invest in sky for HD Channels