Bloomberg hires M&A reporter from Wall Street Journal

Jeffrey McCracken, a reporter at The Wall Street Journal who covers mergers and acquisitions, has been hired away by Bloomberg News, reports John Koblin of The New York Observer.

Koblin writes, “The M&A beat is one of the biggest and most vital franchises at the Journal, and Mr. McCracken, who started on the beat last summer, is leaving just as he was beginning to emerge as a significant player.

“The timing of the move is awkward. Dennis Berman, who leads the Deal Journal blog and is one of the paper’s bigger players, is reportedly in talks with CNBC.

“If the Journal lost both, well, that’s a significant 1-2 punch for a core area for the paper.”

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