ToplineSteve Cohen has signed an agreement to buy the New York Mets, according to a statement released by the billionaire hedge fund manager Monday, signaling the roller coaster sale process may be nearing its end. Pete Alonso #20 of the New York Mets hits a home run in the eighth inning against the Baltimore ... [+] Orioles at Citi Field on September 09, 2020 in New York City. Getty ImagesKey Facts“I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” Cohen said in his statement. Cohen will own 95% of the team, according to Sportico, which cited unnamed sources who said the deal was valued at $2.42 billion. Cohen oversees Point72 Asset Management, a $16 billion hedge fund firm.

Source: Forbes September 14, 2020 21:56 UTC