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

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