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Bloomberg

Bloomberg L.P.: A Global Financial Data and Media Colossus Bloomberg L.P., a privately held American company, dominates the global financial data and media landscape. Founded in 1981 by Michael Bloomberg and associates, with initial backing from Bank of America, the firm's core offering is the Bloomberg Terminal, a proprietary software system providing comprehensive financial data, analytics, and trading tools to financial institutions worldwide. This service forms the bedrock of Bloomberg L.P.'s substantial revenue stream. Beyond its flagship terminal, Bloomberg L.P. has diversified into a multifaceted media conglomerate. Bloomberg News, a respected international news agency, delivers breaking financial and business news. Complementing this is Bloomberg Television, a global network broadcasting financial and business programming, alongside radio stations, websites, and subscription-based newsletters. The company also publishes two prominent magazines: Bloomberg Businessweek and Bloomberg Markets. With a substantial workforce nearing 20,000 employees spread across 176 locations (as of 2019), Bloomberg L.P. exemplifies a successful integration of technology, data services, and media to serve the global financial community. Its reach and influence across multiple platforms solidifies its position as a key player in the world of finance and information.

Bloomberg Overview

Image Source : Wikipedia
  • Company type Private
  • Industry Technology, financial technology, mass media
  • Founded October 1, 1981
  • Headquarters Bloomberg Tower, 731 Lexington Avenue, New York, NY 10022, U.S.
  • Area served Worldwide
  • Key people Mark Carney (chair), Vladimir Kliatchko (CEO), Jean-Paul Zammitt (president), Michael Bloomberg (CEO, 1981-2001
  • Revenue US$10 billion (2019)
  • Number of employees 21,000
  • Website www.bloomberg.com

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Bloomberg history

Last Updated : 21/03/25, 07:01 AM
Bloomberg L.P.: From Market Data to Global Media Powerhouse Bloomberg L.P., a privately held financial data and media giant, traces its origins to a $10 million partnership settlement received by Michael Bloomberg in 1981 after the acquisition of Salomon Brothers. This capital fueled the creation of Innovative Market Systems (IMS), which developed the now-iconic Bloomberg Terminal, offering real-time market data and financial analytics. Merrill Lynch's early investment, securing a 30% stake, propelled IMS's growth. The company rebranded as Bloomberg L.P. in 1986, expanding its reach with the launch of Bloomberg News in 1990 and Bloomberg.com in 1993. Strategic buybacks of Merrill Lynch's stake, culminating in a 2008 acquisition for $4.43 billion, solidified Bloomberg's independent control and significantly increased the company’s valuation. Leadership transitions have marked Bloomberg L.P.'s trajectory. Michael Bloomberg stepped down as CEO in 2001 to pursue his mayoral ambitions, with Lex Fenwick and later Daniel Doctoroff assuming the role. In 2023, Michael Bloomberg again announced leadership changes with Vladimir Kliatchko appointed CEO and Jean-Paul Zammitt as President, alongside a new board chaired by Mark Carney. Recent expansion efforts include the launch of Bloomberg UK, reflecting the company’s continued global growth strategy. Bloomberg L.P. remains a significant player in the global financial data and news landscape, showcasing its enduring impact on the industry.
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