×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

Merrill Lynch sells stake in Bloomberg

Published on .

New York—Financial services firm Merrill Lynch announced on Thursday that it has completed the sale of its 20% ownership stake in financial media company Bloomberg L.P. for $4.425 billion. It sold the stake to Bloomberg Inc. The announcement, which has been expected, came in the wake of Merrill Lynch’s reporting a second quarter net loss of $4.6 billion.
Most Popular
In this article: