Bloomberg Considers Buying the FT

    New York mayor Michael Bloomberg , foreground, leaves a press conference followed by National Hockey League Commissioner Gary Bettman after they were present at the announcement that the New York Islanders will move from their current home in Nassau County to Brooklyn and play at the Barclays Center starting in 2015, Wednesday, Oct. 24, 2012, in New York. (AP Photo/Kathy Willens)

    Kathy Willens / AP Photo

    American mall goers aren’t the only ones with the shopping bug this season. Michael Bloomberg’s media group is considering purchasing The Financial Times Group, which includes the paper and a half interest in The Economist, according to three sources close to the situation.  Bloomberg—who has long held an affinity for the newspaper—initially visited its London headquarters in October. “It’s the only paper I’d buy,” he told one associate. Friends say the paper’s “punchy and to-the-point” articles match his own clever demeanor. The Financial Times Group is valued at about $1.2 billion, and is not up for sale yet, but could be early next year.

    Read it at The New York Times