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An article relating to this blog post on Finextra:

Merrill to sell Bloomberg stake for $4.4 billion

Merrill Lynch has agreed a deal to sell its 20% stake in Bloomberg back to the news and financial data company for a price approaching $4.5 billion.

See article

When's Bloomberg going to sell Bloomberg?

Rumour has it that now that there are a few extra empty desks in the City (and Wall Street) many of them are hosting very expensive, and idle, Bloomberg terminals.

The scramble to consolidate and save money (and find those redundant serial numbers) is now on.

Reuters was sold for £9 billion. When will $20 billion start looking like silly money?


Comments: (1)

Elizabeth Lumley
Elizabeth Lumley - Girl, Disrupted - Crayford 18 July, 2008, 09:19Be the first to give this comment the thumbs up 0 likes

Come to think of it. If Bloomberg used the 'venture' money to buy back the shares from who was put in charge of 'ventures'..what his he to do now? And what is that guy from NY City Hall doing inside the Bloomberg NY offices? Hmmmm?