Microsoft could buy Bloomberg. Here's why the deal makes sense. - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Wall Streeters are speculating that Microsoft could buy Bloomberg. Here's why a deal might actually make sense.

Bloomberg's comments and the fact that he's now officially in the race has made what might happen to Bloomberg the business, and which companies if any are in a position to buy it, a topic of conversation for Wall Streeters.

Bloomberg is a massive financial data provider, trading platform, and news provider. The company's Bloomberg Terminal software system is used by 325,000 financial services professors who pay $24,000 for a single subscription. "Microsoft might be able to swallow it quite easily and then slim it down, cut the fat, and rewrite all the code so the Terminal display looks more like it's from this century," the broker said.

The acquisition could also become a boon to Microsoft's Azure cloud computing business in the sense that it could help showcase the company's infrastructure, Elman said. "I could see wanting access to the data as a key data source for applications on Azure. That's what this [acquisition] does," Moorhead, principal analyst at Moor Insights & Strategy, told Business Insider. "This would add firepower versus AWS and Google Cloud."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

h0x0d This would make for some very strange WG21 meetings /cc AlisdairMered

Synergy - Disruption - Diversification Yes you can choose and play!

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Microsoft’s new deal with Salesforce could benefit its Teams chat app - Business InsiderMicrosoft just inked a big partnership with Salesforce, and that deal could give Teams, Microsoft's fast-growing chat app, an unexpected advantage.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Here's why PE firms are hiring more operating partners - Business InsiderPrivate equity giants like Blackstone and KKR are loading up on industry specialists to squeeze returns out of investments, and that's creating a new power dynamic inside the firms Late cycle warning
Source: BusinessInsider - 🏆 729. / 51 Read more »

Microsoft is hiring a new team of trainers to take on AWS - Business InsiderHiring a team of trainers capable of explaining Azure technology to all types of customers will help Microsoft drive adoption of Azure services. Then I assume they'll be trying that in Apartheid Israel also.
Source: BusinessInsider - 🏆 729. / 51 Read more »