Jul 17, 2008 3:25 PM
Merrill Lynch sold its 20 percent stake in Bloomberg LP for $4.4 billion to the company, which exercised its right of first refusal. Initial reports had the stake going to founder Michael Bloomberg’s private trust but the company preempted other buyers, including the New York City mayor. Bloomberg LP is…
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, bloomberg, merrill lynch
Jul 16, 2008 3:30 PM
And it sounds like earlier details were basically correct… WSJ is reporting that Merrill has reached a deal to sell its 20 percent in financial news service Bloomberg for $4.5-$5 billion. The buyer is Bloomberg LP, which had a right of first refusal. News of an imminent deal at this…
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, bloomberg, merrill lynch
Jul 5, 2008 12:48 PM
As has been rumored fro a few weeks now, Merrill Lynch is in negotiations to sell its 20 percent stake in Bloomberg, as the cash-strapped investment firm is looking for ways to raise more money, reports NYP. A blind trust run by Mayor Michael Bloomberg, the founder, is emerging as…
Posted In: , bloomberg, merrill lynch
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