Billionaire Michael Bloomberg said he was likely to sell his financial data and news company Bloomberg LP if he runs for president, Business Insider reported, citing an interview he gave to a local radio station.

Bloomberg said he would either sell the company, or put it in a blind trust, but that at his age, 76, it makes more sense to sell it, according to the report.

"I think at my age, if selling it is possible, I would do that," Bloomberg reportedly said in the interview with Radio Iowa.

If Bloomberg does run for president now, he’ll run as a Democrat, Radio Iowa reported.

“Well, number one, I was a Democrat all my life, but I think that I’ve had the same values for an awful long time,” Bloomberg told Radio Iowa. “The things that Democrats care about are things that I not only I can say that I’m in favor of, I’ve got a record to show that I have done a lot.”

Bloomberg LP declined to comment.