Hedge Funds

Hedge fund manager Steve Cohen ends negotiations with Wilpons to buy the NY Mets, sources say

Steve Cohen at Point 72 Asset Management.
Adam Jeffery | CNBC

Hedge fund titan Steve Cohen has ended negotiations to buy the New York Mets, sources familiar with the situation said.

Cohen, CEO of Point72 Asset Management, and Mets' owners, the Wilpons, would not confirm directly, citing NDAs, but numerous sources close to the process and Cohen tell CNBC that he is walking.

The NY Post first reported that Cohen was ending negotiations to buy 80% of the franchise.