BLP meaning in Business ?

Answer:

What is Bloomberg Limited Partnership mean?

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Bloomberg L.P. provides financial software tools and enterprise applications such as analytics and equity trading platform, data services, and news to financial companies and organizations through the Bloomberg Terminal (via its Bloomberg Professional Service), its core revenue-generating product. Bloomberg L.P. also includes a wire service (Bloomberg News), a global television network (Bloomberg Television), websites, radio stations (Bloomberg Radio), subscription-only newsletters, and two magazines: Bloomberg Businessweek and Bloomberg Markets.

The company has 167 locations and nearly 20,000 employees.

The company's director of global construction Anthony Gozzone took part in bribery between 2010 and 2017 in which he accepted bribes in exchange for awarding construction work done for Bloomberg. Guzzone accepted more than $5.1 million in bribes; he pleaded guilty to tax evasion on the bribes in September 2020 and was sentenced to prison for three years and two months in January 2021

reference

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