Michael Bloomberg will not throw his name into the ring as a third-party candidate for the US presidency.
Bloomberg on Monday put an end to speculation that he would run.
The former New York City mayor reached his decision, he said Monday, after concluding that a three-way race would benefit Donald Trump and therefore threaten the domestic stability and national security of the United States.
“These moves would divide us at home and compromise our moral leadership around the world,” Bloomberg wrote in a column on Bloomberg View, his opinion site. “The end result would be to embolden our enemies, threaten the security of our allies, and put our own men and women in uniform at greater risk.”
Bloomberg watched the GOP and Democratic primaries for months, trying to determine if the party’s would nominate staunchly partisan figures like Trump or Ted Cruz on the right and Bernie Sanders on the left.
The former NYC Mayor went so far as to build a small campaign staff, conduct internal polling in two-dozen states, and creating a campaign website and television ads.