New York--The Observer, a British newspaper, ran a story that Toronto-based Thomson Corp. was preparing a $10 billion bid to acquire Bloomberg LP. Both Thomson and Bloomberg issued vigorous denials.

Bloomberg spokeswoman Christine Taylor says, "Bloomberg is not for sale--period. We have had no discussions with Thomson or anyone else for that matter. We don’t know where this story came from." Thomson reportedly issued an internal memo that called the story a "myth."

Speculation continues to sw

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