Virgin Group to sell shares of space venture to aid travel business

Washington DC (UPI) May 12, 2020

British billionaire Richard Branson, founder of the Virgin Group conglomerate, will sell as many as 25 million of his shares in the Virgin Galactic space tourism venture, his company said Monday. The Virgin Group said it's notified U.S. regulators of the plan, which has been influenced by sagging demand in the leisure, retail and travel industries. Branson's shares are worth about $5