About Bloomberg

Bloomberg L.P. is currently the largest leading financial news and data company in the world with 33% of international market share.date=March 2008 However, it will rival Thomson Financial and Reuters upon the merger of the two companies into Thomson-Reuters. Bloomberg L.P. was founded by Michael Bloomberg (current Mayor of New York City) with the help of Thomas Secunda and other partners (ex coworkers from Salomon Brothers) in 1981 and provides financial software tools such as analytics and equity trading platform, data services and news to financial companies and organizations around the world through the Bloomberg Terminal, its core money-generating product. Bloomberg L.P. has grown to include a global news service, including television, radio, the Internet and publications.

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Its current headquarters are located at the Bloomberg Tower in Midtown, Manhattan, New York City.

It was incorporated as a Delaware Limited Partnership (LP) in 1981 and has been in business since 1983. Michael Bloomberg owns 72% of the group and receives an 84.55% share of the profits. Bloomberg's core business is leasing terminals to subscribers. It also runs Bloomberg Television, a financial TV station, and a business radio station WBBR in New York City. Forbes Magazine estimated, in 2000, Bloomberg's cash flow margins on its $2.3 billion in revenues exceed 35%. Bloomberg reports more than 100,000 users in North America, and another 130,000 in the rest of the world. Its competitors include Reuters, Dow Jones Newswires, and FACTSET.

  1. Mentioned In 9 Articles

  2. iPhone to Be China’s Top-Selling Smartphone? Really?

    Explore Article GigaOM (Nov 16 2009)

    iPhone to Be China’s Top-Selling Smartphone? Really? ...Chang Xiaobing, says he expects the device to become the best-selling smartphone in the country, Bloomberg is reporting. So should we buy all this iPhone love from China Unicom? “We’re very confident about ... (Read Full Article)

    Comment on Article Mentions:   iPhone   Android   Dell

  3. Deutsche Telekom Doesn’t Want Sprint

    Explore Article GigaOM (Oct 13 2009)

    Deutsche Telekom Doesn’t Want Sprint ...try’s cellular market competitive, it’s even robust enough to compete with wireline voice and data. Bloomberg quoted Hoettges as saying: “There are four national players in the U.S. market for 300 million hous... (Read Full Article)

    Comment on Article Mentions:   Technology   T-Mobile   Bloomberg

  4. Kleiner Perkins' iFund Sees iPhone Market Doubling For Next Two Years

    Explore Article mocoNews (Oct 1 2009)

    ...o the platform, by saying they will increase the size of the fund. iFund Manager Matt Murphy told Bloomberg, “it’s pretty clear that we’ll go beyond” $100 million, he said. So far, Kleiner has invested $50 m... (Read Full Article)

    Comment on Article Mentions:   iPhone   Android   Apple

  5. Deutsche Telekom's T-Mobile USA Now Reportedly In Talks With Clearwire

    Explore Article mocoNews (Sep 22 2009)

    ...After several rumors surfaced saying that Deutsche Telekom’s T-Mobile unit is in talks with Sprint, Bloomberg is reporting that Bellevue-based T-Mobile USA is also in discussions with a company much closer to ... (Read Full Article)

    Comment on Article Mentions:   Technology   T-Mobile   Deutsche Telekom

  6. T-Mobile USA Hints at 4G Wireless Plans

    Explore Article GigaOM (Sep 22 2009)

    T-Mobile USA Hints at 4G Wireless Plans ...get access to their spectrum to build out its wireless broadband networks, according to a report on Bloomberg. Clearwire has said that it needs another $2 billion to build out its network, and a partnership wi... (Read Full Article)

    Comment on Article Mentions:   Technology   T-Mobile   Deutsche Telekom

  7. AT&T Purchases Airwaves For Its 4G Roll-Out From Billionaire Paul Allen

    Explore Article mocoNews (Sep 16 2009)

    AT&T Purchases Airwaves For Its 4G Roll-Out From Billionaire Paul Allen ...o-founder. The sale was disclosed in government filings, but terms of the deal are unknown, reports Bloomberg. Allen’s Seattle-based company, Vulcan Spectrum, initially acquired the spectrum in 2003. It’s unc... (Read Full Article)

    Comment on Article Mentions:   AT&T   Bloomberg   Microsoft

  8. Mobile operator round-up: T-Mobile, Telefonica, take-overs and Tehran

    Explore Article gomonews.com (Sep 7 2009)

    Mobile operator round-up: T-Mobile, Telefonica, take-overs and Tehran ...appy with. The result would be merger between the two companies, with Orange playing Big Spoon. Via Bloomberg Iran tries again for third mobile operator Things haven’t been going so well for Iran when it comes... (Read Full Article)

    Comment on Article Mentions:   Technology   T-Mobile   Vodafone

  9. AT&T Looks Beyond iPhone For Growth

    Explore Article InformationWeek (Aug 11 2009)

    ... of devices that customers are going to want," Ralph de la Vega, head of AT&T's wireless unit, told Bloomberg. "There's a plethora of those things that are just beginning to get to market that I think will dra... (Read Full Article)

    Comment on Article Mentions:   iPhone   AT&T   T-Mobile

  10. Microsoft Signs Mobile Ad Deal With Hyatt

    Explore Article mocoNews (Jun 22 2009)

    Microsoft Signs Mobile Ad Deal With Hyatt ...chain’s ads on Verizon (NYSE: VZ) phones, on which the software giant is the default search engine. Bloomberg reports that the deal to be announced at today’s Cannes Lions advertising conference is part of Mic... (Read Full Article)

    Comment on Article Mentions:   Bloomberg   Microsoft   Google

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