- Michael Bloomberg will sell Bloomberg LP if elected President of the United States
- Bloomberg has grown rapidly in opinion polls since it started
- Bloomberg does not compete in the early voting stage of the nomination process
Democratic presidential candidate Michael Bloomberg will sell Bloomberg LP, the financial information company that made him a billionaire, when he is elected to the White House in November. His campaign was confirmed on Tuesday.
Bloomberg has soared in polls since he entered the democratic nomination race in November, and he will appear in Las Vegas on Wednesday in his first debate on the election cycle. Democrats vie for the right to challenge Republican President Donald Trump in the November 3 election.
The former New York mayor said before he would likely sell Bloomberg LP if elected, which confirmed his campaign on Tuesday.
"If Mike is elected president, he will sell the company," spokeswoman Galia Slayen said.
Bloomberg LP provides Wall Street companies with financial information in addition to news. It is privately owned, with Bloomberg owning most of the company he founded in 1981. Burton-Taylor International Consulting analysts estimate the company had sales of over $ 10 billion in 2019.
Reuters News competes with the Bloomberg LP news service.
The Bloomberg campaign said that the company's sales process would begin by blindly trusting it and then selling it.
Bloomberg is not running in the early election states of the democratic nomination process and instead hopes to win votes when 14 states vote on March 3rd in the Super Tuesday competitions.
(Except for the headline, this story was not edited by NDTV staff and published from a syndicated feed.)