Billionaire hedge fund manager Steve Cohen appears to have won the bidding war for the New York Mets.
Per David Faber of CNBC, Cohen is in "exclusive negotiations" to buy the team, and a "definitive agreement" is expected to occur "within days."
If an agreement comes to fruition, then Cohen will have beaten out a few strong contenders for the team, including one group that included Jennifer Lopez and Alex Rodriguez and another led by Philadelphia 76ers and New Jersey Devils principal owner Josh Harris.
The Lopez-Rodriguez group confirmed, per Ken Rosenthal of Fox Sports and The Athletic, that it is out of the negotiation process:
Ken RosenthalPer @DavidFaber, Steve Cohen has entered exclusive negotiations to buy the Mets and is expected to reach a deal within days.