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Billionaire Steven Cohen Reaches Deal to Buy New York Mets – The Wall Street Journal


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Billionaire Steven Cohen Reaches Deal to Buy New York Mets – The Wall Street Journal

Billionaire hedge-fund manager Steven A. Cohen has reached an agreement to purchase the New York Mets from the controlling Wilpon and Katz families, the team said, in a deal that would set a new benchmark for North American sports franchise valuations. The deal, which will become official after a vote of Major League Baseball’s owners…

Billionaire hedge-fund manager Steven A. Cohen has reached an agreement to purchase the New York Mets from the controlling Wilpon and Katz families, the team said, in a deal that would set a new benchmark for North American sports franchise valuations.

The deal, which will become official after a vote of Major League Baseball’s owners later this autumn, values the team at between $2.4 billion and $2.5 billion, according to a person familiar with the matter.

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