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Re: Bloomberg . . .
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2010-04-23 23:23:28
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Devon Archer
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Eric Schwerin
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Hunter Biden
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2.5B wouldn't suck. Sent from my Verizon Wireless BlackBerry -----Original Message----- From: [email protected] Date: Fri, 23 Apr 2010 23:16:37 To: <[email protected]>; 'Eric Schwerin'<[email protected]>; Devon Archer<[email protected]> Subject: Re: Bloomberg . . . Ill settle for 2.5B Sent on the Sprint® Now Network from my BlackBerry® -----Original Message----- From: "Neil Callahan" <[email protected]> Date: Fri, 23 Apr 2010 18:36:42 To: 'Hunter Biden'<[email protected]>; 'Eric Schwerin'<[email protected]>; 'Devon Archer'<[email protected]> Subject: Bloomberg . . . Not a bad potential path to follow - story of Bloomberg and how it was founded below and another story putting the value of Bloomberg at about $25B. http://en.wikipedia.org/wiki/Bloomberg_L.P. History, services & products In 1981, Michael <http://en.wikipedia.org/wiki/Michael_Bloomberg> Bloomberg was fired from Salomon <http://en.wikipedia.org/wiki/Salomon_Brothers> Brothers, where he was a general partner and given a $10 million severance package.[7] <http://en.wikipedia.org/wiki/Bloomberg_L.P.#cite_note-6> Using this money, Bloomberg went on to set up a company named Innovative Market Systems. In 1982, Merrill Lynch <http://en.wikipedia.org/wiki/Merrill_Lynch> became the new company's first customer, installing 20 Market Master <http://en.wikipedia.org/w/index.php?title=Market_Master&action=edit&redlink =1> terminals and investing $30 million in the company.[8] <http://en.wikipedia.org/wiki/Bloomberg_L.P.#cite_note-7> [9] <http://en.wikipedia.org/wiki/Bloomberg_L.P.#cite_note-8> [10] <http://en.wikipedia.org/wiki/Bloomberg_L.P.#cite_note-9> In 1986, the company was renamed Bloomberg L.P. and by 1988, 5000 terminals had been installed.[11] <http://en.wikipedia.org/wiki/Bloomberg_L.P.#cite_note-10> Within a few years, ancillary products including Bloomberg Tradebook (a trading platform), the Bloomberg Messaging Service, and the Bloomberg newswire were launched. In addition to its financial services offerings, Bloomberg launched its news services division in 1990. Bloomberg <http://en.wikipedia.org/wiki/Bloomberg_News> News (originally known as Bloomberg Business News) has some 2,000 staff in 125 bureaus around the world and is available on the web at www.bloomberg.com. It now provides information to approximately 350 newspapers and magazines worldwide, including The Economist <http://en.wikipedia.org/wiki/The_Economist> , The New York Times <http://en.wikipedia.org/wiki/The_New_York_Times> and USA Today <http://en.wikipedia.org/wiki/USA_Today> .[citation needed <http://en.wikipedia.org/wiki/Wikipedia:Citation_needed> ] In order to run for the position of Mayor of New York against Democrat Mark <http://en.wikipedia.org/wiki/Mark_J._Green> Green in 2001, Mike Bloomberg <http://en.wikipedia.org/wiki/Mike_Bloomberg> gave up his position of CEO at Bloomberg and appointed Lex Fenwick as CEO in his stead.[citation needed <http://en.wikipedia.org/wiki/Wikipedia:Citation_needed> ] Daniel <http://en.wikipedia.org/wiki/Daniel_Doctoroff> Doctoroff, former deputy mayor in the Bloomberg administration, now serves as president. Peter Grauer is the chairman. Bloomberg filed Bloomberg <http://news.justia.com/cases/featured/new-york/nysdce/1:2008cv09595/335178/ > L.P. v. Board of Governors of the Federal Reserve System Case Number: 1:2008cv09595 in the New York Southern District Court November 7, 2008. The suit asks Judge Loretta A. Preska <http://en.wikipedia.org/wiki/Loretta_A._Preska> to require the Federal Reserve to provide information under the Freedom of Information Act <http://en.wikipedia.org/wiki/Freedom_of_Information_Act_%28United_States%29 > to divulge the names of private financial institutions that were recipients of 1.2 trillion in public bailout money, along with kind and amounts of collateral provided. In October 2009, Bloomberg LP acquired Businessweek <http://en.wikipedia.org/wiki/Businessweek> Magazine from McGraw Hill <http://en.wikipedia.org/wiki/McGraw_Hill> [12] <http://en.wikipedia.org/wiki/Bloomberg_L.P.#cite_note-11> In December 2009, Bloomberg acquired London based New Energy Finance <http://en.wikipedia.org/wiki/New_Energy_Finance> , a global clean energy and carbon markets research provider. http://www.huffingtonpost.com/2008/07/16/bloomberg-lp-worth-25b-ma_n_113169. html Merrill Lynch (MER) has reached a deal to sell its 20% stake in Bloomberg LP for $4.5 to $5 billion, the WSJ reports. The buyer: Bloomberg LP, which had right of first refusal. But the headline here is the eyepopping valuation the deal puts on Bloomberg LP: about $25 billion. This also means New York Mayor Michael Bloomberg, who founded and still owns 68% of the company, is worth around $17 billion. Forbes had most recently guesstimated his honor's net worth at $11.5 billion. ---------------------------------------------------------------------------- -------------- Neil Callahan Rosemont Seneca 401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965 1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880 917-945-9516 (mobile) 866-749-8879 (fax)
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