Billionaire Richard Branson Is Poised to Pocket £670 Million in Nationwide Takeover of Virgin Money
Virgin Money, a UK bank in which British billionaire Richard Branson owns a 14.5% stake, has received a takeover bid of £2.9 billion from banking rival Nationwide Building Society. If the deal is successful, Branson could receive a personal cash windfall of at least £420 million ($539 million). However, there...