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Spectator
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July 17, 2008
Back in 1985, investment-banking powerhouse Merrill Lynch bought a 30% stake in Bloomberg LP for $30 million. A few years later, Bloomberg bought back a 10% stake for $200 million, leaving Merrill with 20% -- which it's now selling, again to Bloomberg, for $4.5 billion. Because of its financial dure...
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