Merrill Mulls Sale of Bloomberg Stake

Merrill Lynch & Co. is considering a sale of the company's stakes in news provider Bloomberg LP and financial firm BlackRock, as the company attempts to raise cash to make up for $6 billion in coming write-downs, reports The Wall Street Journal.
For its 20 percent stake in Bloomberg, Merrill is likely to seek about $5 billion, a price that might be lower than its open market value.
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