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2024-03-25 01:33:36

Bloomberg L.P.

Financial, software, data, and media company
Financial, software, data, and media company
Bloomberg L.P. is a privately held company founded in 1981 by Michael Bloomberg. It offers financial software tools, data services, news, and more through the Bloomberg Terminal. The company has 176 locations and almost 20,000 employees.
167
Bloomberg L.P. Global Offices
Bloomberg L.P. maintains offices in 167 locations around the world, including its European headquarters in Bloomberg London. The company's global presence enables it to engage with diverse markets and communities.
1981-10
Michael Bloomberg Fired from Salomon Brothers Inc.
In October of 1981, Michael Bloomberg, a Harvard Business School graduate, was fired from Salomon Brothers Inc. where he had worked in equity trading and sales. This event led him to explore the idea of establishing his own business.
1982-03
Establishment of Innovative Market Systems (IMS)
In March of 1982, Michael Bloomberg sold off his Salomon Brothers stock and used the fresh capital to create Innovative Market Systems (IMS). This marked the beginning of the development of an electronic information system that would grant users access to real-time securities market data via a desktop terminal.
1982-12
Release of Bloomberg Terminal
In December 1982, the Market Master terminal, later called the Bloomberg Terminal, was released to the market. This marked the introduction of a computerized system providing real-time market data and financial analytics to Wall Street firms.
1984
Investment from Merrill Lynch
Merrill Lynch invested $30 million in IMS, which later became Bloomberg LP, in 1984.
1985
Merrill Lynch's Investment in Bloomberg L.P.
Merrill Lynch & Co., Inc. invested 39 million USD in Bloomberg L.P. and obtained a thirty percent share of the company in 1985.
1986
Renaming to Bloomberg L.P.
In 1986, the company renamed itself Bloomberg L.P. (limited partnership). This event signified a significant rebranding and restructuring of the company.
1988-09
Publication of Positive Profile in the Journal
In September 1988, a positive profile of Michael Bloomberg and his campaign to unseat Telerate as a financial data industry leader was published on page one of the Journal. This event highlighted Bloomberg's growing influence in the financial industry.
1990
Founding of Bloomberg News
Bloomberg News was co-founded by Michael Bloomberg and Matthew Winkler in 1990, delivering financial news reporting to Bloomberg terminal subscribers. By 2000, Bloomberg News had over 2,300 editors and reporters in 100 countries, disseminating content through various media channels.
1991
Installation of 10,000 Terminals
By 1991, Bloomberg LP had 10,000 of its terminals installed on finance professionals' desks.
1992
Bloomberg L.P. purchases WNEW and converts it to Bloomberg Radio
In 1992, Bloomberg L.P. bought New York Radio station WNEW for $13.5 million and transformed it into an all-news format known as Bloomberg Radio.
1993-09-29
Establishment of Bloomberg.com
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. This marked the launch of the company's online presence.
1994
Establishment of Bloomberg Television
Bloomberg Television, a 24-hour cable news network, was established in 1994. It initially was only available on DirecTV, but later moved to cable television. The network runs more live programming than either CNBC or Fox Business News.
1995
Launch of Bloomberg.com
Bloomberg.com was launched in 1995, providing users with up-to-date market data, economy news, and comprehensive databases.
1996
Buyback of Merrill Lynch's Stake
Bloomberg LP bought back one-third of Merrill Lynch's stake in 1996 for $200 million.
1997-12
First Webcast of the Bloomberg Forum
In December 1997, Bloomberg conducted its first Webcast of the Bloomberg Forum, marking its initial foray into Internet-based deals.
1998
Bloomberg Terminal
The Bloomberg computer terminal, a comprehensive financial news and information source, played a central role in the success of Bloomberg LP. It contributed to the company becoming a global leader in financial data services.
1999
Launch of online consumer loan center by Bloomberg and LendingTree Inc.
In 1999, Bloomberg and LendingTree Inc. launched an online consumer loan center, expanding their services into the online consumer finance sector.
2000-02
Establishment of Bloomberg's first Webcast
In February 2000, Bloomberg conducted its first Webcast of the Bloomberg Forum, marking its entry into Internet-based deals.
2001
Bloomberg's Mayoral Candidacy
To run for the position of Mayor of New York against Democrat Mark Green in 2001, Bloomberg gave up his position of CEO and appointed Lex Fenwick as CEO in his stead. This marked a significant shift in Bloomberg's career and leadership role.
2004-12
Bloomberg's Decision Not to Return to the Company
In 2004, Bloomberg announced that he would not return to the company after the end of his term in office. This decision sparked rumors about the potential sale of the company, leading to speculations about Microsoft Corporation and other companies taking over.
2005-02
Speculations about Microsoft Corporation Taking Over Bloomberg L.P.
In February 2005, there were speculations about Microsoft Corporation potentially taking over Bloomberg L.P. after Bloomberg's announcement of not returning to the company.
2006-04
Bloomberg's Acquisition of Brainpower N.V.
In April 2006, Bloomberg acquired Brainpower N.V., a European investment-software-provider, expanding the company's portfolio.
2007-09
EEOC v. Bloomberg L.P. class-action lawsuit
In September 2007, the Equal Employment Opportunity Commission (EEOC) filed a class-action lawsuit against Bloomberg L.P. on behalf of more than 80 female employees, alleging discrimination against women who took maternity leave. The lawsuit was eventually dismissed in August 2011 by Judge Loretta A. Preska.
2007-10
Lawsuits Against Bloomberg L.P. by Women Employees
In October 2007, Bloomberg L.P. faced lawsuits from women employees, alleging discriminatory practices related to pregnancy, maternity leave, and payment. Bloomberg's involvement and the company's treatment of female employees came under public scrutiny.
2008-10-22
Bloomberg L.P. applied for a change of name of Bloomberg Ltd
In 2008, Bloomberg L.P. applied for a change of name of Bloomberg Ltd under the Companies Act 2006.
2009-05-11
Bloomberg Ltd was ordered to change its name
In May 2009, Bloomberg Ltd was ordered at the Company Names Tribunal to change its name to avoid interference with the goodwill of Bloomberg Finance Three L.P.
2010-03
Bloomberg L.P. v. Board of Governors of the Federal Reserve ruling
In March 2010, the Second Circuit Court ruled in favor of Bloomberg L.P. in a lawsuit against the Board of Governors of the Federal Reserve System. The ruling mandated the release of Federal Reserve bailout details, which was eventually upheld by the Supreme Court in March 2011.
2011-05
Launch of Bloomberg View
In late May 2011, Bloomberg L.P. ventured into the opinionated newspaper market with the launch of Bloomberg View, raising concerns about its potential political influence.
2011-08
Bloomberg L.P. acquisition of Bureau of National Affairs
In August 2011, Bloomberg L.P. purchased Arlington, Virginia-based Bureau of National Affairs for $990 million to enhance its Bloomberg Government and Bloomberg Law services. Bureau of National Affairs specializes in producing online and print news and information for professionals in business and government, covering various topic areas.
2012-05
Bloomberg L.P. acquisition of PolarLake
In May 2012, Bloomberg L.P. acquired Dublin-based software provider PolarLake and introduced a new enterprise data management service to assist companies in acquiring, managing, and distributing data across their organizations.
2013-09
Dismissal of EEOC lawsuit against Bloomberg L.P.
In September 2013, Judge Loretta A. Preska dismissed an EEOC lawsuit on behalf of 29 pregnant employees of Bloomberg L.P. The dismissal also included pregnancy bias claims from five individual plaintiffs.
2014-07-09
Bloomberg L.P. acquires RTS Realtime Systems
On July 9, 2014, Bloomberg L.P. acquired RTS Realtime Systems, a global provider of low-latency connectivity and trading support services.
2015-11-02
Acceptance into the Permanent Collection at the Computer History Museum
Bloomberg's recent acceptance into the permanent collection at the Computer History Museum, alongside the first Apple computer and the Google Car, has sparked growing interest in the evolution and impact of their technology.
2015-12-16
Barclays index business sale to Bloomberg L.P.
On December 16, 2015, Barclays agreed to sell its index business, Barclays Risk Analytics and Index Solutions Ltd (BRAIS), to Bloomberg L.P. for £520 million, approximately $787 million. The company was later renamed Bloomberg Index Services Limited.
2016
Launch of BloombergNEF
BloombergNEF was launched in 2016 as a branch of Bloomberg L.P. focusing on research and analysis of clean energy, advanced transport, digital industry, innovative materials, and commodities.
2018-11-06
Bloomberg New Economy Forum Inaugural Event
The inaugural Bloomberg New Economy Forum was held in 2018 in Singapore, bringing together business executives, government officials, and academics from around the world. The event aimed to address global economic challenges and opportunities.
2019-08-13
Bloomberg L.P. acquires RegTek.Solutions
On August 13, 2019, Bloomberg L.P. acquired RegTek.Solutions to expand its suite of regulatory reporting and data management services.
2019-11-06
Bloomberg New Economy Forum in Beijing
The 2019 Bloomberg New Economy Forum took place in Beijing, China, gathering leaders from the public and private sectors to discuss global economic issues and innovations.
2019-12-10
Bloomberg Media acquisition of CityLab
On December 10, 2019, Bloomberg Media announced the acquisition of CityLab, The Atlantic's news site covering transportation, environment, equity, life, and design. This marked Bloomberg's first acquisition of an editorial property in over a decade.
2020-08
Discrimination case against Bloomberg L.P.
In August 2020, a discrimination case was filed against Bloomberg L.P. by Nafeesa Syeed, alleging discrimination based on gender and ethnicity. Another complaint was filed by a former saleswoman, both defended by the same law firm.
2021-03-30
Bloomberg Employees Get Access to Hospital’s Vaccine Slots
A company memo on March 30, 2021, informed the staff that NYU Langone would provide vaccines for Bloomberg employees who meet the eligibility requirements. This event reflects Bloomberg's efforts to prioritize employee health and well-being.
2022-05
Launch of Bloomberg UK
In May 2022, Bloomberg announced it would launch a new venture in the UK, Bloomberg UK, as part of a wider international strategy. This marked the expansion of the company into the UK market.
2023-02-01
Erika Rasure Review
Erika Rasure reviewed the editorial policies on February 01, 2023.
2023-03-13
Bloomberg L.P. enters agreement to acquire Broadway Technology
On March 13, 2023, Bloomberg L.P. entered into an agreement to acquire Broadway Technology, a provider of high-performance trading systems and fixed income trading solutions.
2024
Bloomberg L.P. All Rights Reserved
Bloomberg L.P. retains all rights to its intellectual property and content. This includes the right to protect its trademarks, privacy policy, and terms of service.
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Bloomberg L.P.

Financial, software, data, and media company
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