Merrill Lynch In Talks To Share Its Stake In Bloomberg

freeinternetpress.com     05-Jul-2008            

Free Internet Press operates on your donations. Unlimited access to the Free Internet Press News Archives. Unlimited access to the Free Internet Press News Aggregator. You're supporting a great cause, getting the uncensored news out on current events to the world! Merrill Lynch In Talks To Share Its Stake In Bloomberg Merrill Lynch is in negotiations to sell its 20 percent stake in Bloomberg L.P., the financial data and news company founded by New York City Mayor Michael R. Bloomberg, as Merrill Lynch seeks to raise still more capital, people involved in the talks said Friday. The discussions remained in the early stages and the talks could fall apart, these people warned. No agreement has been reached over the valuation of Merrill’s stake, which it acquired in the mid-1980s as one of Bloomberg’s original customers. Under the... [read full story]                    

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Firms Now Focus On Axing European Staff

hereisthecity.com     04-Jul-2008          

Bloomberg reports that, according to 'two (unnamed) people with knowledge of the matter', JPMorgan is axing 10% of its European investment banking staff due to the fall-off in M&A activity. Dealogic figures show that M&A...                    

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Merrill Lynch seeks $6bn from selling stake back to Bloomberg$

timesonline.co.uk     06-Jul-2008          

MERRILL LYNCH is in talks to sell its $6 billion (£3 billion) stake in Bloomberg back to the financial data and news company in a cash-raising move designed to shore up the American bank’s balance sheet. Talks with New York...                    

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Merrill Lynch could finance sale to Bloomberg

timesonline.co.uk     07-Jul-2008          

Merrill Lynch is believed to be in talks with Bloomberg over the sale of the bank's 20 per cent stake in the news service-to-trading data group. The bank has held the stake for two decades, and it is believed to be worth as...                    

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Merrill Lynch aims to sell Bloomberg stake

telegraph.co.uk     07-Jul-2008          

By Jamie Dunkley Merrill Lynch is in negotiations to sell its $6bn (£3bn) stake in financial data and news company Bloomberg in a bid to strengthen its balance sheet. The American bank, which has held a stake in the company for...                    

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Merrill considers Bloomberg, BlackRock sales -WSJ

reuters.com     07-Jul-2008          

July 7 (Reuters) - Merrill Lynch & Co is moving closer to selling stakes in financial firm BlackRock Inc and information provider Bloomberg LP in an effort to raise cash to make up for $6 billion in coming write-downs, the Wall...                    

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Merrill may consider Bloomberg and BlackRock sales

reuters.co.uk     07-Jul-2008          

Merrill Lynch & Co is moving closer to selling stakes in financial firm BlackRock Inc and information provider Bloomberg LP in an effort to raise cash to make up for $6 billion (3 billion pounds) in coming write-downs, the Wall...                    

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Merrill may consider Bloomberg and BlackRock sales

tiscali.co.uk     07-Jul-2008          

Merrill Lynch & Co is moving closer to selling stakes in financial firm BlackRock Inc and information provider Bloomberg LP in an effort to raise cash to make up for $6 billion (3 billion pounds) in coming write-downs, the Wall...                    

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Merrill may consider Bloomberg and BlackRock sales

reuters.com     07-Jul-2008          

Merrill Lynch & Co is moving closer to selling stakes in financial firm BlackRock Inc and information provider Bloomberg LP in an effort to raise cash to make up for $6 billion (3 billion pounds) in coming write-downs, the Wall...                    

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Merrill holds talks on Bloomberg stake sale

thisismoney.co.uk     07-Jul-2008          

Nick Goodway, Evening Standard Merrill chief executive John Thain has said he would like to sell the holding, and possibly half the group's 49.8% stake in fund management group Black-Rock. He is reported to have said the...                    

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