• Billionaire Richard Branson to raise $400 million for new SPAC as it looks to expand its Virgin empire

    7 days ago - By Business Insider

    Richard Branson, founder of Virgin Group, poses for a photograph on board of his new cruise liner, the Scarlet Lady at Dover Port in Dover
    Reuters
    Billionaire Richard Branson is looking to raise $400 million in a special purpose acquisition company, a US filing showed Wednesday. VG Acquisition Corp, the name of the new company intends to sell 40 million units at a price of $10 per unit. The company said it plans to search for targets that operate in consumer-facing industries in US and Western Europe. Visit Business Insider's homepage for more stories. Billionaire Richard Branson, who is...
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