If Bloomberg Wins, Here’s Who Might Pay The Estimated $60 Billion For His Company

Michael Bloomberg promises to sell his multibillion-dollar financial-data and media company Bloomberg LP if he becomes president, but a potential buyer for such a deal would require very deep pockets — including stock exchanges, financial consortiums or big tech companies.

Bloomberg LP’s closest peer, Refinitiv (the former data arm of Thomson-Reuters) was acquired by the London Stock Exchange for $27 billion last summer, at about 13 times earnings, and serves as a guide for how Bloomberg LP could be sold, according to a report from Burton-Taylor International Consulting. 

Using that same calculation, while also taking into account a slight premium for historical growth, Bloomberg LP could be worth up to $60 billion, the Burton-Taylor report estimates. 

Based on the Refinitiv deal, some obvious candidates to buy Bloomberg LP, according to the Wall Street Journal, include big stock exchanges if they can raise enough money.

Another option, in terms of balance sheet strength, would be one of the big tech giants like Microsoft, Amazon or Google parent Alphabet, as they increasingly look to integrate consumers’ financial data into their businesses, according to the Journal.

Another potential buyer could be an even richer billionaire, CCN reports, like Warren Buffet and his team at Berkshire Hathaway: The Oracle of Omaha loves monopolies and has long been searching for “elephant-sized acquisition” to spend his $128 billion cash pile on.

Crucial statistics: Bloomberg, who Forbes estimates has a net worth of $64.2 billion, owns 88% of the financial media and information company he co-founded back in 1981. Bloomberg LP brought in about $10 billion in revenue in 2019.

Source: Forbes.com

ჩვენ გირჩევთ

Bill Gates 'not buying our hydrogen yacht'

Bezos Pledges $10 Billion - Nearly 10% Of Net Worth - Toward Solving Climate Change

Bill Gates 'not buying our hydrogen yacht'

Bill Gates 'not buying our hydrogen yacht'

წინა სტატია

ვის შეიძლება მიჰყიდოს ბლუმბერგმა $60 მლრდ-იანი მედიაკომპანია, თუ ის პრეზიდენტი გახდა?
20 თებერვალი, 2020

შემდეგი სტატია

ყავის მწარმოებელი Jacobs-ის შემოსავლები საქართველოში
20 თებერვალი, 2020
საქართველოს 100 უმსხვილესი კომპანია
რეიტინგი | ივლ, 20, 2020
ბათუმის ახალი პერსპექტივა
ბიზნესი | ივლ, 21, 2020
ყველაზე შემოსავლიანი აუდიტორული კომპანიები
რეიტინგი | ივლ, 24, 2020
Forbes Georgia in EnglishForbes WomanForbes Banker