Bloomberg L.P.

Bloomberg L.P. was founded by Michael Bloomberg in 1981 with the assistance of Thomas Secunda, Duncan MacMillan, and Charles Zegar. Initially called Innovative Market Systems, its goal was to provide real-time market data and financial analytics to Wall Street firms. Over time, the company grew to become a global financial data and media giant.

In December 1990, Bloomberg L.P. launched Bloomberg Business News to deliver financial news to Bloomberg Terminal subscribers. This service expanded over time to become Bloomberg News, a global network providing a range of industry information, analysis, and data, further establishing Bloomberg as a key player in financial media.

Bloomberg Television was launched in 1995 as Bloomberg L.P. aimed to expand its media presence beyond print and terminals. Bloomberg Television provides 24-hour financial news and information, which helped the company reach a wider audience and compete with other financial networks like CNBC.

Bloomberg Tradebook was established in 1996 as an electronic agency brokerage service. This service allows institutional investors to trade equities and options through the Bloomberg Terminal, providing advanced trading tools and analytics. It further extended Bloomberg's capabilities in the financial services industry.

On October 10, 2008, during the financial crisis, Bloomberg L.P. bought back a 20% stake owned by Merrill Lynch for approximately $4.43 billion. This transaction gave Michael Bloomberg 88% ownership of the company, consolidating his control over Bloomberg L.P. amidst a turbulent financial market.

On November 30, 2009, Bloomberg L.P. acquired BusinessWeek, a prominent weekly business magazine, from McGraw-Hill. Renamed Bloomberg Businessweek, the acquisition aimed to expand Bloomberg's reach in business journalism and diversify its media offerings. This move further solidified its presence in the media industry.

Bloomberg Government, a subscription service offering data-driven decision tools and analytics for governmental affairs and lobbying efforts, was launched in July 2011. This service marked Bloomberg’s entry into providing analytical tools and information for policy makers and businesses interacting with government policy.

Bloomberg's new European headquarters in London was completed in July 2014. Designed by Foster and Partners, the building exemplifies Bloomberg's commitment to sustainability and innovation. It serves as a central hub for Bloomberg's European operations, reflecting the company's growth and future outlook in the region.

In 2015, Bloomberg announced that it would allow access to its Bloomberg Terminal via iPad and other tablet devices. This development represented Bloomberg's adaptation to mobile technology trends, ensuring that financial professionals can stay connected to markets, news, and data anytime and anywhere.

In 2020, Michael Bloomberg, the founder of Bloomberg L.P., launched his campaign for the Democratic nomination for President of the United States, spending substantial amounts of his personal wealth. Although his campaign was short-lived, it highlighted Bloomberg's influence and the wealth generated by Bloomberg L.P.

In September 2020, amid the COVID-19 pandemic, Bloomberg L.P. reported a record number of Bloomberg Terminal subscriptions. The financial industry's reliance on Bloomberg's data and analytics services underscored the company's critical role in providing information during crisis periods, as firms navigated volatile markets.