Billionaire Richard Branson is reportedly considering buying the British division of Borders.
Retail Week has the scoop that billionaire tycoon Sir Richard Branson is considering tabling an offer for bookseller Borders’ UK division. The deal would rapidly expand his entertainment retail business.
Branson is understood to have asked Merrill Lynch, the bank organising the disposal on behalf of Borders' U.S. parent, for access to detailed information. Borders is expected to attract a price tag of about £50 million.
So Richard Branson wants to buy a bookstore chain? That's an interesting move for him. We thought he was spending most of his time on the space tourism thing. Which is really cool, if you ask us.
