Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Bloomberg has no interest in acquiring Dow Jones or Washington Post, spokesman says

Published 12/25/2022, 10:58 AM
Updated 12/25/2022, 11:40 AM
© Reuters. FILE PHOTO: Former mayor of New York Michael Bloomberg speaks with participants prior to a meeting with Earthshot prize winners and finalists at the Glasgow Science Center during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, Nove

(Reuters) -Bloomberg L.P. has no interest in acquiring either Dow Jones or the Washington Post, a Bloomberg L.P. spokesman said in a tweet.

"There have been no conversations with anyone or either organization about an acquisition," spokesman Ty Trippet said in the tweet, which was retweeted by billionaire owner Michael Bloomberg.

News website Axios reported on Friday that Bloomberg was interested in acquiring either Wall Street Journal parent company Dow Jones from Rupert Murdoch's News Corp (NASDAQ:NWSA), or the Washington Post from Amazon.com (NASDAQ:AMZN)'s Jeff Bezos, citing a source familiar with Bloomberg's thinking.

On Friday, citing sources, Reuters reported Michael Bloomberg had expressed a desire to own a big-name newspaper over the years but had not reached out to Murdoch to discuss a possible purchase of Dow Jones and its flagship paper the Journal.

A spokesperson for the Washington Post, which Bezos bought in 2013 for $250 million, said on Friday it was not for sale.

Antitrust experts agreed the merger of Bloomberg and Dow Jones business news divisions would draw the scrutiny of U.S. regulators, especially as the Biden administration has taken a more muscular approach to enforcing antitrust laws.

Reuters, part of Thomson Reuters (NYSE:TRI) Corp, competes with Dow Jones and Bloomberg News, a unit of Bloomberg L.P., a provider of financial news.

Latest comments

hi
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.