Michael Bloomberg Campaign Transfers $18 Million to DNC to Beat Trump

(Bloomberg) -- Michael Bloomberg said Friday he is transferring $18 million to the Democratic National Committee from his presidential campaign and turning over several of his field offices to state parties in an effort the effort to help Democrats defeat President Donald Trump.

Previously, Bloomberg had said even if he wasn’t the nominee, he was willing to spend a lot of money -- but “hopefully not” as much as $1 billion -- to keep staff and offices in six battleground states to help any Democratic nominee defeat Trump and elect other Democrats. His campaign had explored doing that through an independent expenditure entity that would not be able to coordinate with a candidate or the national party.

But the former New York mayor’s campaign said today because the dynamics of the race have changed and Joe Biden controls the Democratic race, he’s giving $18 million to the DNC’s coordinated campaign and transferring leases from several campaign offices to state Democratic parties. A list of “hundreds” of staff members will be given to the DNC with the expectation and hope they would be hired, a campaign aide said.

(Disclaimer: Michael Bloomberg, the founder and majority owner of Bloomberg LP, also sought the Democratic presidential nomination. He endorsed Joe Biden on March 4.)

https://news.yahoo.com/bloomberg-campaign-transfers-18-million-150141016.html