Bloomberg L.P. has no real interest in buying both Dow Jones or the Washington Post, a Bloomberg L.P. spokesman stated in a tweet.
“There have been no conversations with anyone or either organization about an acquisition,” spokesman Ty Trippet stated within the tweet, which was retweeted by billionaire proprietor Michael Bloomberg.
News web site Axios reported on Friday that Bloomberg was keen on buying both Wall Street Journal mum or dad firm Dow Jones from Rupert Murdoch’s News Corp, or the Washington Post from Amazon.com’s Jeff Bezos, citing a supply acquainted with Bloomberg’s considering.
On Friday, citing sources, Reuters reported Michael Bloomberg had expressed a need to personal a big-name newspaper over time however had not reached out to Murdoch to debate a attainable buy of Dow Jones and its flagship paper the Journal.
A spokesperson for the Washington Post, which Bezos purchased in 2013 for $250 million, stated on Friday it was not on the market.
Antitrust specialists agreed the merger of Bloomberg and Dow Jones business news divisions would draw the scrutiny of U.S. regulators, particularly because the Biden administration has taken a extra muscular method to imposing antitrust legal guidelines.
Reuters, a part of Thomson Reuters Corp, competes with Dow Jones and Bloomberg News, a unit of Bloomberg L.P., a supplier of monetary news.
