Mike Bloomberg would sell the financial data and media company he created in the 1980s—which bears his name and made him a multibillionaire—if he is elected U.S. president, a top adviser said Tuesday. (AP)
Bloomberg would put Bloomberg LP in a blind trust, which would then sell the company, the adviser said. The proceeds from the sale would go to Bloomberg Philanthropies. (Deadline)
Analysts have estimated the company could sell for as much as $60 billion. (WSJ)
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Meanwhile, Bloomberg will take the stage alongside his rivals at a primary debate for the first time on Wednesday night after a poll released Tuesday allowed him to qualify for the event. (Variety)