Virgin Group founder Richard Branson recalled that selling his Virgin Records music label more than two decades ago was "like selling your children" even though he pocketed a billion dollars in the deal.
Branson, 63, founded Virgin Records in 1972 with three other people, growing the label from a small successful record shop into a powerhouse of the music industry, helping usher in the progressive rock movement of the 1970s and new wave in the 1980s. The company was purchased by Thorn EMI for $1 billion (618 million pounds) in 1992, in part to fund Branson's Virgin airlines.
Source: Reuters
