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mark occomore · Joined: 07 Dec 2006 Posts: 9955 Location: UK

GCap, Britain's largest radio group, is considering a bid for Virgin Radio which could involve a joint venture with the station's founder, Sir Richard Branson.

Virgin Radio was in effect put up for sale last week when its owner, Scottish Media Group, announced plans to float the company. GCap, which owns Capital Radio and Classic FM and recently hired Virgin Radio chief Fru Hazlitt, is understood to be considering making an offer for it.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/04/15/cnvirg15.xml

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Amazing wasn't Chris approached again a few months ago according to his blog?

gfloyd · Posted: Sun Apr 15, 2007 7:42 pm Post subject:

I think Chris had the same opinion as most other potential buyers: namely that the price SMG are looking for it is way too high. SMG might be embarassed to fing that nobody is willing to pay what they are asking.

Anyway fancy the irony of Richard Branson actually owning a company with the Virgin brandname on it? Next this you know Alan Sugar will have a successful business venture Laughing

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