Bloomberg Says He's Not Running For President

Follow CBSMIAMI.COM: Facebook | Twitter

WASHINGTON (AP) — Billionaire media mogul and former New York City mayor Michael Bloomberg says he's decided against mounting a third-party bid for the White House.

Bloomberg has spent months mulling an independent campaign. He made his decision official on Monday in a column posted on company's BloombergView website.

A Democrat-turned-Republican-turned independent, Bloomberg had set a mid-March deadline to make a decision about running so as to have enough time to make all 50 state ballots.

For more on Campaign 2016, click here.

(© Copyright 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

In:
• Michael Bloomberg