Steve Cohen reportedly reached an agreement Monday to purchase MLB's New York Mets from majority owner Fred Wilpon and his family, according to Jon Heyman of MLB Network.
Tim Healey of Newsday noted Cohen will own 95 percent of the franchise, with the deal valuing the club at approximately $2.475 billion.
In February, the Wilpon family and Cohen, a billionaire hedge fund manager, were on the verge of a sale that would have valued the team at $2.6 billion but it fell through because of the sides' inability to agree on the Wilpons continued involvement in the franchise after the sale, per ESPN.