Bloomberg founder says company not for sale


NEW YORK -- Bloomberg L.P. founder Mike Bloomberg has told employees that the company is not for sale at this time, although he has been recently approached by potential buyers, the news and financial information firm said Wednesday. During his quarterly video address to staff, Bloomberg chairman Peter Grauer read a message from Mike Bloomberg, which read: "I've said many times that my next career will be in philanthropy. While I have recently been approached by potential buyers of Bloomberg L.P., I have decided not to sell the company at this time." Bloomberg's message added that while there would be a day when he or his estate would have to sell, he hoped this would be "later rather than sooner."