Michael Bloomberg to host King for fundraiser

New York Mayor Michael Bloomberg. (Reuters photo/Jessica Rinaldi)

New York City Mayor Michael Bloomberg last week contributed $500,000 to a third-party ad campaign designed to boost independent Senate candidate Angus King.

Later this month, the billionaire mayor will continue his efforts to bolster King by hosting the former governor at his Manhattan home for a campaign fundraiser, according to a report on the website Capital New York. The King campaign also confirmed the Bloomberg fundraiser is taking place.

Capital New York reports that King is the latest in a string of moderate candidates Bloomberg, an independent centrist, has endorsed and raised funds for this election cycle. The others include Republican Sen. Scott Brown of Massachusetts and Democratic Sen. Claire McCaskill of Missouri.

The King fundraiser at Bloomberg’s home will raise money directly for King’s Senate campaign, Capital New York reports.

Bloomberg was one of three wealthy donors behind last week’s third-party ad campaign orchestrated by the non-profit organization Americans Elect. The ad spot, which started running Friday, labels King an “independent fighter for Maine.” The other two donors, Americans Elect founder Peter Ackerman and Passport Capital founder John Burbank, chipped in $1.25 million.

Americans Elect has said it only intends to support King this election cycle, meaning the group has more than $1 million left to spend.