Former New York City mayor Michael Bloomberg is positioning himself to enter the Democratic presidential primary, a longtime Bloomberg adviser confirmed to NBC News Thursday, though he has not yet made a final decision.

“Yes and yes,” Kevin Sheekey wrote in an email responding to the questions about whether Bloomberg, 77, a billionaire businessman, was preparing to run and collecting signatures in Alabama, moves first reported by The New York Times on Thursday afternoon.

Read the rest of the story at NBC News.