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(Reuters) - Billionaire hedge fund manager
Steve Cohen has entered exclusive negotiations to buy the New
York Mets, CNBC reported on Friday, citing numerous unnamed
sources.
Cohen fended off a bid from a consortium led by Alex Rodriguez
and singer-producer Jennifer Lopez, and another by private
equity billionaires Josh Harris and David Blitzer, CNBC reported
https://www.cnbc.com/2020/08/29/baseball-hedge-fund-manager-steven-cohen-in-talks-to-buy-mlb-new-york-mets.html?__source=twitter%7Cmain.
Cohen, who almost sealed a deal to buy an 80% stake in the Major
League Baseball team for around $2.6 billion late in 2019, had
not reached a definitive agreement but was expected to do so
within days, the report added.
Cohen, who already has a 4% stake in the Mets, had ended the
earlier talks with owners, the Wilpon family, in February
reportedly due to issues related to closing costs.
Cohen's Point72 Asset Management and the Mets were not
immediately available for comment.
(Reporting by Aakriti Bhalla in Bengaluru; editing by Jane
Wardell)
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