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Simon Cowell and Sir Philip Green in business talks

Music mogul and retail billionaire may launch firm

Simon Cowell and Sir Philip Green are pals

Simon Cowell and Topshop boss Sir Philip Green are said to be creating a new entertainment company.

The pair are apparently in talks about a deal, which is expected to be finalised next month.

Simon, 49, has production company Syco, which makes Britain's Got Talent and The X Factor.

And it's thought Sir Philip, 57, will bring his business acumen to a joint venture. 

'They've been good friends for a long time and there's a good chance they'll be working together,’ Simon's publicist Max Clifford tells the BBC.

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