New York, Nov 10 (TIWN) Billionaire businessman and former New York City Mayor Michael Bloomberg was reportedly preparing to enter the Democratic race for the 2020 US presidential election, according to American media reports.

Mr. Bloomberg, the former New York City mayor and billionaire businessman, has been privately weighing a bid for the White House for weeks and has not yet made a final decision on whether to run, an adviser said. But in the first sign that he is seriously moving toward a campaign, Mr. Bloomberg has dispatched staffers to Alabama to gather signatures to qualify for the primary there. Though Alabama does not hold an early primary, it has a Friday deadline for candidates to formally enter the race.