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Bloomberg LP Worth $25B, Mayor Mike $17B: Merrill Valuation

Bloomberg LP Worth $25B, Mayor Mike $17B: Merrill Valuation
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Man about Boulder: dailycamera.com, biggreenboulder.com, fridayallweek.com

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Merrill Lynch (MER) has reached a deal to sell its 20% stake in Bloomberg LP for $4.5 to $5 billion, the WSJ reports. The buyer: Bloomberg LP, which had right of first refusal. But the headline here is the eyepopping valuation the deal puts on Bloomberg LP: about $25 billion.

This also means New York Mayor Michael Bloomberg, who founded and still owns 68% of the company, is worth around $17 billion. Forbes had most recently guesstimated his honor's net worth at $11.5 billion.

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