Sure, but that’s only c. 16bn Euros…
Of course all of you would have seen that Mr. Bloomberg’s blind trust bought out their minority partner Merrill Lynch’s stake in Bloomberg LP, putting a $25bn valuation on the company.
I don’t know why but I keep getting this image of him calling up the trustees, steam coming out of his ears, screaming: “You paid what!?!?!!?”
Actually, given that he already owns the rest, putting in a high print wouldn’t in itself be such a bad thing, especially if one day he decides to sell the whole thing (which now becomes a much more viable and simple option.) I would be very surprised if his trustees don’t get a few incoming exploratory calls on a quarterly basis from now on.
And who else noticed that Merrill’s market cap this week is hovering around $25bn. Love the symmetry.
Anyhow, Mr. Bloomberg was twenty years ahead of his time. He knew… One word: data.
July 18th, 2008 at 8:01 am
Dear Sean
I fully agreed that leveraging the explosion of data to create new value proposition is going to represent big opportunities. Sense Network (www.sensenetworks.com/)is one of such companies I am keeping my eye. Is there any other companies you have in mind that fits into this category?
Regards
Aaron