Democratic presidential contender Michael Bloomberg will sell Bloomberg LP, the financial information company that made him a billionaire, if he is elected to the White House in November, his campaign confirmed on Tuesday. The former New York mayor has said before he would likely sell Bloomberg LP if elected, which his campaign affirmed on Tuesday. "If elected president, Mike will sell the company," spokeswoman Galia Slayen said. Bloomberg LP provides financial information to Wall Street firms in addition to news. The Bloomberg campaign said the process of selling the company would begin with putting it in a blind trust and then selling it.

Source: Mint February 19, 2020 01:41 UTC