Billions werewiped off Siemens's market value. Employeeswere panicked into trying to buy a blockingminoritystaketosave the prideofcorporateGermany from the risk of a hostiletakeover.
Branson had already been irked when Sky bought a 17.9% blockingstake in British commercial broadcaster ITV, effectively dashing any hopes he'd harbored for buying the company.
That cosy relationship with Lower Saxony (whose blockingstake the European Commission is seeking to remove) might become a burden if VW needed to make swift cuts to maintain profitability.