Media mogul Michael Bloomberg looks to buy Dow Jones or Washington Post

Billionaire Michael Bloomberg, the owner of Bloomberg LP, is interested in acquiring either the Wall Street Journal parent company Dow Jones or the Washington Post, Axios reported on Friday, citing an unnamed source familiar with the matter.

Bloomberg LP, the Washington Post and Dow Jones did not immediately respond to requests for comment.

Shares of News Corp were up 3% in a broadly weaker market.

In October, Rupert Murdoch started a process that could reunite his media empire, News Corp and Fox Corp (FOXA.O), nearly a decade after the companies split.

Reuters competes with Bloomberg News, a unit of Bloomberg LP, as a provider of financial news.