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Richard Branson to sell Virgin Galactic shares worth $200 million to save his business

Shortpedia

Content Team

Undoubtedly, the coronavirus pandemic has hard hit global business, giving proof of the same is Richard Branson, who is considering selling another chunk of his stake in Virgin Galactic Holdings worth $200 million to save his business empire. Holding company Vieco 10 may sell as many as 12.5 million shares in the space-travel firm, according to a regulatory filing. Branson's Virgin Group is the majority owner of Vieco 10.