Bloomberg LP’s Fate Lies in Hands of Democratic Voters

With Bloomberg founder Michael Bloomberg confirming a run for president, Max ponders the possible outcomes if the data giant goes up for sale.

Bloomberg terminal

The news that Michael Bloomberg, founder of data giant Bloomberg LP, was considering—and since formally confirmed—a run to be the 2020 Democratic presidential nominee has prompted nervous speculation within the vendor that the company may be for sale, though officials deny the suggestion.

On Friday, November 8, the vendor’s management committee emailed its 20,000 staff confirming that Bloomberg had decided to explore a presidential run. The memo—seen in full by WatersTechnology—reassured

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