Billionaire Michael Bloomberg is interested in acquiring either Wall Street Journal parent Dow Jones & Co. or The Washington Post, reports Mike Allen and Sara Fischer of Axios.
Allen and Fischer report, “Bloomberg wants to expand his media empire and sees Dow Jones as his ideal fit, but he would buy the Post if Jeff Bezos were interested in selling, the source said.
“The combination of Bloomberg and Dow Jones would create an unparalleled business news behemoth.
“Details: Bloomberg, the source notes, would be interested in a potential acquisition of either property, but Dow Jones — the publisher of financial titles such as The Wall Street Journal, Barron’s and MarketWatch — would be a stronger target.
“Bloomberg is close to Dow Jones parent News Corp’s owner, Rupert Murdoch, and believes efforts to merge News Corp and its sister company Fox Corporation will fail, creating a possible opening.”
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