Axios said citing its sources that US billionaire Michael Bloomberg is interested in buying either Dow Jones, which publishes the Wall Street Journal, or the Washington Post.
An informed source said that Bloomberg is interested in expanding his media empire and sees the acquisition of the Dow Jones, one of the largest institutions in the field of economic information, as an ideal deal for himself, but he could buy the Washington Post instead. if he agrees. Its owner, Jeff Bezos, is selling it.
In the event that Bloomberg buys Dow Jones, it will have an unprecedented media giant, noting that it currently owns “Bloomberg LP”, which operates the economic news agency, which is one of the leading media outlets in the world, from the website and several TV and radio channels.
Dow Jones publishes The Wall Street Journal, Barron’s and Market Watch.
Notably, Bloomberg is close to Rupert Murdoch, the billionaire owner of News Corp., the parent company of Dow Jones.
According to sources, Murdoch may be ready to open the Dow Jones to investors if he fails to merge News Corp with major media company Fox.
Sources also say that Bloomberg has a friendly relationship with Jeff Bezos, and that he sees Bloomberg’s merger with The Washington Post as an opportunity to create a strong rival to The New York Times.
It is noteworthy that Michael Bloomberg is among the 20 richest people in the world according to Forbes, and his fortune is estimated at $59 billion. His company Bloomberg LP generated over $10 billion in revenue in 2018 for the first time.
Source: Axios