Blog Post

This Just In: Bloomberg LP Not Being Sold– Not Now, Anyway

Bloomberg employees got their own breaking news Wednesday: a statement from founder NYC Mayor Michael Bloomberg that “while I have recently been approached by potential buyers of Bloomberg L.P., I have decided not to sell the company at this time.” Bloomberg repeated his interest in a next career in philanthropy, adding, “Although there will come a day (I hope later rather than sooner) when I or my estate will have to sell, I have complete confidence that the best days for the Company still lie ahead.” The message was read by Bloomberg Chairman Peter T. Grauer as part of a quarterly video communication and was also sent out as a press release. Release. (via DealBook)