(Reuters) – Billionaire hedge fund manager Steve Cohen has ended negotiations to buy the New York Mets, CNBC’s David Faber said here on Tuesday.
In December, Cohen had said he was in talks with the owners of Mets, the Wilpon family, that would see him increase his investment, but leave its current owners in charge of the team for another five years.
Cohen bought a 4% stake in the Mets in 2012
Both Cohen and New York Mets did not immediately respond to requests for a comment.
(This story corrects Faber’s spelling in headline and paragraph 1)
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Reporting by Amal S in Bengaluru; editing by Uttaresh.V