Blackstone CEO says private equity buyers unlikely for Bloomberg - Business Insider

Blackstone CEO Stephen Schwarzman told an audience on Thursday he wishes he could consider buying Bloomberg LP, the financial giant that would go up for sale if Mike Bloomberg became president.

"I wish we could look at that," he said, musing that there could be business improvements through shedding its TV unit. "They have a very good business."Earlier this month Mike Bloomberg's presidential campaign said that the former New York City mayor would sell his financial information behemoth, Bloomberg LP, in the event that he became president in the 2020 election, fueling speculation about who might acquire it if that happened.

"I wish we could look at that," said Schwarzman, speaking on-stage in an interview with Miriam Gottfried of The Wall Street Journal. "They have a very good business." But Schwarzman said that he doesn't think Bloomberg LP would go to any of Blackstone's competitors either, pointing to the size of the company, saying it was "awfully big" and that it would be "difficult to make acceptable returns for investors."

do not let blackstone get their hands on Bloomberg LP Schwarzman & trump are BFF's ETTD

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Salesforce co-CEO Keith Block steps down, Marc Benioff is CEO - Business InsiderA big CEO shakeup at Salesforce as one of its co-CEOs — who only took the job in 2018 — steps down, after being with the company since 2013.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Univision Buyer Says Spanish-Language Giant is ‘Most Attractive Traditional Media Business Today’Former Viacom chief financial officer Wade Davis didn’t waste any time after exiting the company last year amid the musical chairs in senior management as Viacom and CBS Corp. prepared to mer… HRestrepo
Source: Variety - 🏆 108. / 63 Read more »

Departing Salesforce CEO Keith also made a sudden exit at Oracle - Business InsiderKeith Block is known as a 'strong operator' who led Salesforce against his old company, Oracle, where he also made a sudden and unexpected exit.
Source: BusinessInsider - 🏆 729. / 51 Read more »

5 things to know about Disney CEO Bob Chapek, Bob Iger's surprise successor - Business InsiderChapek went on family vacations to Walt Disney World as a child, has a degree in microbiology, and spearheaded changes to products and theme parks. Thanks Probably a pedo just like the rest of the disney lot
Source: BusinessInsider - 🏆 729. / 51 Read more »

Salesforce Keith Block was not paid as much as co-CEO Benioff - Business InsiderMarc Benioff described his rich bench of executive talent that can run the company even without a second CEO.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Monzo: CEO of challenger bank fintech cautious about SoftBank-style fundraising - Business InsiderStartup bank Monzo is worth $2.5 billion and eyeing US expansion. Here's why its CEO would think twice about taking SoftBank's billions.
Source: BusinessInsider - 🏆 729. / 51 Read more »