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Bloomberg acquires Eagle Eye Publishing

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New York—Bloomberg L.P.'s latest expansion is into the government market.

The financial media giant confirmed Friday that it has acquired Eagle Eye Publishing, which provides databases on federal procurement. The news was first reported Wednesday by the blog Amtower on B2G.

Government spending is one area of the economy that continues to see reliable growth. Bloomberg, which has focused on news and business coverage in the financial sector, acquired BusinessWeek late last year to expand its executive-level audience in general industry.

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