Michael Bloomberg says he’s not running for president

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Michael "Mike" Bloomberg, Bloomberg LP founder and former mayor of New York City, speaks during a Bloomberg Television interview in New York, U.S., on Tuesday, Jan. 21, 2014. (Scott Eells/Bloomberg via Getty Images

WASHINGTON — 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.