Bloomberg Disowns Reports Of Acquisition Plans For Dow Jones And Washington Post

The Wealth Advisor Contributor
December 27, 2022

(Benzinga) - 

  • Bloomberg L.P. has no interest in acquiring either Dow Jones or the Washington Post, a Bloomberg L.P. spokesman tweeted.

  • Bloomberg owner Michael Bloomberg retweeted spokesman Ty Trippet's message denying acquisition conversations with anyone or either organization, Reuters reports.

  • Reportedly Bloomberg was interested in acquiring either Wall Street Journal's parent company Dow Jones from Rupert Murdoch's News Corp (NASDAQ: NWSA) or the Washington Post from Amazon.com Inc's (NASDAQ: AMZN) Jeff Bezos.

  • A spokesperson for the Washington Post, which Bezos snapped in 2013, said it was not for sale.

  • Antitrust experts agreed that the merger of Bloomberg and Dow Jones business news divisions would draw the scrutiny of U.S. regulators.

  • Thomson Reuters Corp owned Reuters competes with Dow Jones and Bloomberg News.

  • Price Action: NWSA shares closed higher by 2.81% at $18.31 on Monday.

By Anusuya Lahiri

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