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Bloomberg: For sale or not for sale

Which is it to be?
Written by Kate Hanaghan, Contributor

Which is it to be?

New York Mayor Michael Bloomberg is reportedly considering the sale of his mighty media company. Reports over the weekend suggested that the Bloomberg news organisation could be up for sale for a whapping $10bn. Thomson Corporation, owner of Bloomberg rival Thomson Financial, is cited as a potential buyer alongside other bidders including Pearson and Merrill Lynch, according to reports in The Observer. However, subsequent reports have failed to confirm the sale. Michael Bloomberg turned over day-to-day operations to COO Lex Fenwick after announcing his candidacy for Mayor back in June.
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