Bloomberg, a privately owned company headquartered in the United States, was founded in 1981 and has an estimated 2,400 employees, reporting $3.6M in revenue as of 2023. Functioning as a tier 2 media tech buyer, the company provides financial software, data, and media services, including broadcast television and radio.
Bloomberg and its reporter Low De Wei were ordered on July 31, 2026, to pay S$290,000 in legal costs to Senior Minister K Shanmugam and Minister for Trade and Industry (Energy and Industry) Tan See Leng, in addition to S$230,000 in damages awarded to each minister, following a successful defamation suit. On the same day, Bloomberg acquired Canoe Intelligence, an AI-powered data management and intelligence platform that serves clients with over $11 trillion in assets. This acquisition follows Bloomberg's definitive agreement, announced on July 30, to purchase Canoe Intelligence, which aligns with its multi-year commitment to transform how institutional investors engage with private markets by delivering unified data analytics and tools. Earlier on July 31, Bloomberg expanded electronic trading for the Australian derivatives market, extending its "Request-for-quote (RFQe)" workflow to include Australian-listed futures and options, a change enabled by modifications to its Australian market license.
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