Virgin Classics was a record label founded in 1988 as part of Richard Branson's Virgin Records.The unit, along with EMI Classics, was acquired by Universal Music in 2012 as part of the takeover of the EMI Group, however the terms of the European Commission's September 2012 approval of the takeover requires divestment of the classical labels which were sold on 7 February 2013 to Warner Music Group. The European Union approved the deal on May 2013.