Telis Demos of The Wall Street Journal examines the possibilities of a sale of Bloomberg LP, the parent of Bloomberg News and Bloomberg Media, should majority owner Michael Bloomberg become president.Related:
Demos writes, “So what would Bloomberg LP be worth? Refinitiv, which sells a competing terminal and also has data and trading assets, was acquired by LSE at an enterprise value of about 13 times Ebitda. Using that multiple, Bloomberg could be have an enterprise value of $50 billion.
“There are arguments why the multiple should be even higher, such as Bloomberg’s even more central role on Wall Street with its chat function; or lower, because it might be harder to break out and sell any chunks that fetch a higher multiple. But without public financial statements to peruse, guesswork is required....MORE
January 2019
"A Bloomberg Terminal Alternative That Uses AI"
I don't see any mention of money.net or Goldman backed Symphony.
For those you may wish to peruse:
October 2018
"Twilight Of The Terminal: The Disruption Of Bloomberg L.P."
November 2017
Stalking Bloomberg: "Money.net now has more than 80,000 subscribers"
July 2017
"Can Anyone Bury Bloomberg?"
October 2016
Money.net Hires Former Bloomberg Honcho to Take On Bloomberg Terminals With Machine-Generated News Bulletins and Stories
Aug. 2014
A Deep Dive Into Goldman's Chat Platform (GS)
March 2014
Can the Bloomberg Terminal Be Toppled?
February 2014
Media/IT: The Race to Topple Bloomberg
It's a creaky old platform and a very tempting target.
The barrier to entry is the network effect which is a damn big moat.
