Were the financial-data company Michael Bloomberg founded ever to do a deal, it would be a momentous event for fintech investors
When most people think about a race for Bloomberg, they probably have in mind Michael Bloomberg joining the Democratic primary. But investors might imagine something else entirely: the race for his eponymous financial data giant, Bloomberg LP.
Speculation has ramped up about what Mr. Bloomberg’s political future means for his company. So far, that isn’t clear. The Wall Street Journal has reported that Mr. Bloomberg, if nominated or elected, would likely move control of his stake in the company into a blind trust. Mr. Bloomberg, who is 77, has speculated that he could consider selling the company were he elected, partly as a consideration of his age. A spokesman for Bloomberg LP says: “The company is not for sale.”
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