NBC has just reported this…..
He will support Joe Biden…..
Bloomberg, the billionaire former mayor of New York who had hoped to self-fund his way to the Democratic presidential nomination but was spurned by voters in Tuesday’s balloting, has dropped out of the race.
Bloomberg endorsed Biden, saying the former vice president had the best chance to win in November.
“I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden,” Bloomberg said in a statement.
The media tycoon worth an estimated $60 billion entered the race in November and quickly spent hundreds of millions of dollars of his own money to flood social media, television and radio with ads that boasted “Mike Will Get It Done.” In a still-crowded field, Bloomberg projected an image through the airwaves of a moderate candidate with the governing experience, bravado and financial resources to take on President Trump.
Through exorbitant sums of money and despite skipping the first four state nominating contests, Bloomberg managed to rise in national polls, earning the ire of fellow candidates, who accused him of trying to buy his way to the nomination. His unconventional campaign schedule also meant that Bloomberg avoided any truly unscripted public appearances until the Feb. 19 Democratic debate in Las Vegas, for which he qualified after the Democratic National Committee changed its rules to eliminate a donor threshold….