Bloomberg says he'll sell his company if he becomes president

Billionaire and media mogul Michael Bloomberg said in an interview with Radio Iowa that he will likely sell his media company, or put it in a blind trust, if he runs for and becomes president in 2020.

Why it matters: Bloomberg cited his age as one of the prevailing reasons why selling the company makes sense. In doing so, he would also be avoiding the same controversies that President Trump has seen with the Trump Organization during his term in office.