In a statement, he did not say specifically that his money is still in, as promised, just that he’d keep fighting to defeat President Trump.
He also endorsed Joe Biden.
According to the Washington Examiner:
Michael Bloomberg dropped out of the Democratic presidential race and endorsed Joe Biden, marking the end of a high-spending, self-funded campaign that rejected conventional campaign tactics.
His announcement comes as early results in Super Tuesday states show that he failed to become the choice of centrists as dropout candidates and Democratic leaders coalesced around the former vice president in the days before the Tuesday contests.
“I’m a believer in using data to inform decisions. After yesterday’s results, the delegate math has become virtually impossible — and a viable path to the nomination no longer exists,” Bloomberg said in a statement Wednesday.
He endorsed centrist ally Biden in an apparent bid to stop socialist Vermont Sen. Bernie Sanders from winning the Democratic presidential nomination.
“I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden,” Bloomberg said.