The billionaire hedge-fund manager beat out two other groups, including one fronted by former baseball superstar Alex Rodriguez and pop star Jennifer Lopez

For the second time in the past year, billionaire Steven A. Cohen is in the drivers seat to acquire a majority stake in the New York Mets.
Mr. Cohenwho saw a previous bid for the team collapse earlier this yearhas entered exclusive negotiations with the Wilpon family to purchase the club, a person familiar with the matter said. A Mets spokesman said, We wont be giving updates on the timeline or process until we are prepared to make a public announcement.