Bloomberg Eagerly Considering The Acquisition Of Dow Jones Or The Washington Post

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Billionaire mogul Michael Bloomberg is considering the growth of his business fortune.

With aspirations of building a media empire, the former New York City mayor and onetime presidential hopeful are considering purchasing either Dow Jones—the parent company of 

The Wall Street Journal—or The Washington Post.

Friday’s report revealed this information according to an unnamed source aware of the circumstances.

Combining with his own Bloomberg L.P. media and financial data empire would solidify his standing as an industry leader while providing access to more Bloomberg Terminals – which are responsible for creating most of its income-generating potential.

The investigation revealed that Rupert Murdoch’s News Corp. owned Dow Jones and was the perfect match for Bloomberg.

According to one media expert, Rupert Murdoch is not keen on selling the Wall Street Journal and has likely communicated his objections to his family. 

Confidently predicting that the Wall Street Journal won’t be sold, Craig Huber of Huber Research Partners stated he would “be shocked” if Murdoch decided to let go of it and explained that his family has likely been instructed not to do so.

The WSJ is a trophy property to the Murdoch family,” Craig Huber said.

Furthermore, two individuals who knew the situation disclosed that Bloomberg has yet to contact Murdoch regarding a potential offer.

Bloomberg has identified the Dow Jones, owned by News Corp NWSA.O and publisher of Barron’s and MarketWatch, as their prime choice.

If billionaire Jeff Bezos were open to a deal, Michael Bloomberg – the world’s 12th wealthiest individual – would be interested in acquiring his media property, the Washington Post. After all, Bezos ranks 4th on Forbes’ list of highest-earning individuals globally. 

When contacted for a statement, neither Bloomberg L.P., the Washington Post, nor Dow Jones gave an immediate response.

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