Bloomberg L.P. Has the Perfect Buyer in Monopoly-Loving Warren Buffett, Crypto Coins News

• If elected president in , Michael Bloomberg will sell his 260% stake in Bloomberg LP
• Worth upwards of $ 260 billion, there are few investors with the capital to make such an “elephant sized acquisition.”
• Warren Buffet’s Berkshire Hathaway has a $ 305 billion cash pile and loves a monopoly, making it the perfect potential buyer.

Mike Bloomberg has Announced that he will eventually sell his multi-billion dollar financial data and media company, Bloomberg LP, if elected president in . Should this happen, there is already a perfect buyer with plenty of cash sitting on the sidelines. That’s Warren Buffet and his team at Berkshire Hathaway.

Bloomberg Will Sell His Company If Elected In November

As one of the world’s wealthiest media titans , Michael Bloomberg potentially has a significant conflict of interest on his hands should he find his way first into the Democratic nominee position, and then into the White House.

Donald Trump has been on the receiving end of a large amount of criticism for his use of Trump Organization properties to entertain government officials , and Bloomberg will be keen to ensure that he does not have to deal with these same accusations.

This is the main reason why the former New York mayor announced he would sell the company if elected president . That’s no small commitment since he has been growing his L.P. since being fired from Salomon Brothers in the early s.

One of his subsidiaries, Bloomberg TV, is already focusing on convincing viewers of their impartiality, as they repeat disclaimers about the owner repeatedly.

Warren Buffett’s Berkshire Hathaway Is Desperate To Use Its Cash Pile

So the big question is, who could afford to buy Bloomberg LP, given that Mike is currently sitting on an 305% controlling share, estimated to be worth more than $ (billion?

) Warren Buffett’s investment thesis at Berkshire Hathaway could make Bloomberg LP an attractive acquisition. | Source: Sure Dividend How about an even richer man, sitting anxiously on a vast $ 326 billion cash pile who has repeatedly complained about the lack of opportunities in public markets . That’s right, Warren Buffett, Chairman and CEO of Berkshire Hathaway.

Buffett has been saying for some time he is looking for an “elephant-sized” acquisition , and Bloomberg’s private business could be such an opportunity.

With apparently strong financials and a dominant position within the financial data industry , Bloomberg LP’s terminal is just the kind of quasi-monopoly that has made Warren Buffett his fortune.

The fit gets even better when you consider that the Oracle of Omaha is left-leaning politically and has often donated money to Democratic causes. The new president in 2020 could rest easy knowing that he had not unloaded a powerful media entity that was going to be turned around and used against him.

Berkshire Hathaway doesn’t like getting into bidding wars , and they probably won’t need one as Bloomberg would be surgical in deciding who gets to purchase his life’s work.

Bloomberg LP Won’t Be Changing Hands Anytime Soon

Of course, in order for this to all come to fruition, there’s a heck of a lot of votes to be counted and campaigning to be done.

Bloomberg is still some way off from even being the Democratic frontrunner , as he still trails Bernie Sanders in almost every poll.

Source – (Twitter ent is definitely with him, However, and Buffett should already be making some calls to the Hamptons just in case.