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Michael Bloomberg, who was elected mayor of New York City as a Republican, will speak at the Democratic National Convention to endorse Hillary Clinton for president.

Spokesman Marc LaVorgna said Bloomberg will make the endorsement speech Wednesday night.

The billionaire media mogul opted against running as a third-party candidate for fear it might siphon away votes from Clinton and help elect Republican Donald Trump.

The endorsement could resonate with swing voters and Republicans who haven’t warmed to Trump.

Bloomberg had previously been a Democrat before switching his party affiliation to Republican before his successful 2001 run for mayor.

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