Bloomberg Company History Timeline

1981
There s the Windows PC, which traces its heritage back to the original IBM PC announced in August 1981.
In 1981, Salomon Brothers was acquired, and Michael Bloomberg, a general partner, was given a 10 million partnership settlement.
1982
Michael Bloomberg himself talked like the startup guys of later decades when the New York Times interviewed him for a May 1982 article about launching companies during an economic downturn.
The Market Master terminal, later called the Bloomberg Terminal, was released to market in December 1982.
1984
Merrill Lynch released IMS from this restriction in 1984.
1986
In 1986, the company renamed itself Bloomberg L.P. limited partnership . Within a few years, Bloomberg launched ancillary products including Bloomberg Tradebook a trading platform and the Bloomberg Messaging Service.
1990
Bloomberg launched Bloomberg Business News, later Bloomberg News, in 1990, with Matthew Winkler as editor-in-chief.
1991
By 1991, Bloomberg Business News had opened bureaus in New York, Washington, London, Tokyo, Toronto, and New Jersey.
1993
Bloomberg.com was first established on September 29, 1993, as a financial portal with information on markets, currency conversion, news and events, and Bloomberg Terminal subscriptions.
1996
That same year, the company started an investing magazine called Bloomberg Personal that was distributed as a Sunday newspaper supplement, and in 1996 it opened Bloomberg Press, which published books for financial professionals and the general public on investing, economics, and current affairs.
In late 1996, Bloomberg bought back one-third of Merrill Lynch's 30 percent stake in the company for 200 million, valuing the company at 2 billion.
1997
As Bloomberg s 1997 memoir Bloomberg on Bloomberg notes, Merrill Lynch owned 30 of his company in the early years and benefited from an exclusivity agreement that prevented Bloomberg from selling Terminals to Merrill Lynch s major rivals.
2002
Michael Bloomberg Michael Bloomberg, American businessman and politician, who founded a financial data-services firm and served as mayor of New York City 2002 13 .
He immediately led redevelopment efforts, pushed for the passage of a controversial citywide smoking ban the Smoke-Free Air Act of 2002 , revitalized tourism, and erased the city s budget deficit.
2006
Los Angeles Times shows, and a partnership with Bloomberg News 2006 to conduct national opinion polls on various political, economic, social, and cultural topics.
2008
Instead, however, he announced in October 2008 that he would seek reelection as mayor if the term-limit law were amended.
In 2008, facing losses during the financial crisis, Merrill Lynch agreed to sell its remaining 20 percent stake in the company back to Bloomberg Inc., majority-owned by Michael Bloomberg, for a reported 4.43 billion, valuing Bloomberg L.P. at approximately 22.5 billion.
2009
In 2009 the company acquired BusinessWeek magazine renamed Bloomberg BusinessWeek .
2014
Winkler remained editor in chief of Bloomberg News until 2014, when he was replaced by English journalist John Micklethwait, former editor in chief of The Economist.
2018
A vocal opponent of Trump, Bloomberg pledged to spend at least 80 million to defeat Republicans in the 2018 midterm elections.
2019
Although Bloomberg announced in March 2019 that he would not seek the presidency, in November he officially entered the race.
2020
In March 2020 he ended his campaign and announced his support for Joe Biden.
Founded
1990
Company Founded
Headquarters
New York, NY
Company Headquarter
Founders
Michael Bloomberg,Charles Zegar,Duncan MacMillan,Thomas Secunda
Company Founders

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