Branson & Dubai Royals in Talks to Buy Gatwick Airport
Sir Richard Branson, the billionaire founder of the Virgin Group, is in talks to acquire London's Gatwick Airport, the second largest and busiest airport in the United Kingdom after Heathrow. Gatwick's owner BAA Ltd., which also owns Heathrow, plans to sell the airport, valued at about $5.4 billion, due to antitrust regulations, Bloomberg reports.The Virgin Group encompasses several companies including Virgin Atlantic airlines and Virgin Mobile. The adventurous Branson's personal fortune is estimated at $2.8 billion. He plans to form a consortium to bid for the airport, which handled 35 million passengers in 2007.
His partners on the potential deal are said to include Dubai's Royal Family, the London Telegraph reports. Obviously competitors would be worried that Branson and Virgin might gain an unfair advantage by controlling the airport, which is the sixth largest in Europe.
How Kidnapping Suspect Passes Time Behind Bars
Chili's Waitress Fired Over Facebook Post Insulting 'Stupid Cops'
PHOTOS: 10 Deadliest Periods In History (NEW BOOK)
Billboard Music Awards: Worst Dressed (or Most Daring?) From Past Red Carpets
HSBC Plans 14,000 More Job Cuts
These American Companies Refused To Sign The Bangladesh Safety Accord
Forbidden America: Cold War-Era Map Shows No-Go Zones For Soviet Tourists
Man Takes Dump In Background Of Instructional Workout Video
Courtney Stodden Has A Sex Tape
Tenants: Stench of Death Makes St. Louis Complex 'Unlivable'
Famous Roadside Attractions
12 Common Workout Myths Debunked
Hands-on with the Samsung Galaxy S 4 running stock Android 4.2
Taylor Swift Q and A: What Does She Splurge on in Las Vegas?
Teen Who Died During Her First Solo Drive May Have Been Texting
Bill Gates regains title of world's richest person as Microsoft stock hits five-year high
Former OJ Attorney Gives Shocking Testimony
Radio Host Makes Shocking Claim About Shooting Hillary Clinton
Guess Which State Boasts The Most Million-Dollar Homes?
LOOK: There's Something Wrong With This Picture
Police Investigate Student Shooting Death
PHOTO: Looking Good! Chaz Bono Loses 65 Pounds
PREGNANT!
McDonald's Store Owners Fear Fast Food Chain Becoming Too Slow
PHOTO: Rob Kardashian Takes A Hike
Will Smith, Jaden Smith Get Photobombed
New Leads In Case Of Missing British Girl
Jodi Arias' Lawyers Want Out
Waitress Surprised With HUGE Tip On Tiny Bill
Student Shot Dead During Botched Home Invasion
LOOK: Khloe K Shows Curves In SKIN TIGHT Dress
Pictures Showing Pregnant Teens' Bumps Banned From Yearbook