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Merrill Lynch In Talks To Share Its Stake In Bloomberg

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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