Mets and Einhorn was still in discussions

Hedge fund manager David Einhorn is reportedly still in discussions with the New York Mets to acquire a 33% stake in baseball series.

Einhorn, the head of hedge fund firm Greenlight capital, has been in negotiations with the Mets since May to deal with him as a minority owner for an investment of $ 200 million.

Exclusive talks between Einhorn and team ownership would be completed by 30 June, according to an article in the New York Post. Discussions in progress rather than as a team spokesman told the newspaper.

Einhorn to begin with the agreement the Mets is interesting because he could end up with a controlling 60% of the shares, for an additional $ 1, unless the team has to pay back the $ 200 million to him within three years. But if the team pays back the money, he would end up with only 16% ownership.

Team owner Fred Wilpon and Saul Katz offered a share in the group to cover liabilities and costs, due in part to a $ 1 billion lawsuit between Irving Picard, the trustee in bankruptcy of Bernard Madoff case for their alleged involvement in Madoff's Ponzi scheme.

Go to the New York Post article

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Einhorn Greenlights sale of Yahoo! Games

Hedge Fund guru David Einhorn say not "Yahoo!" when he announced Friday that its Fund, Greenlight capital, sold its share in online business.

Einhorn, had instead a tone of resignation in a letter to shareholders, according to news reports.

GreenLight capital had owned 8.5 million shares of Yahoo! March 31, according to a Securities and Exchange Commission filing.

But in Einhorns letters, published by online blog zero Hedge, as he has some of the blame for the sell-off to an ongoing dispute between Yahoo! and China's Alibaba group over ownership Alibaba's online payments business, Alipay to a company owned separately by Alibaba's CEO.

Einhorn had bought Yahoo! shares earlier this year on the online company's stake in Alibaba.

But he expressed in the letter to Greenlight will not be involved in Yahoo! and Alibabas and back, if not in part, "that was what we signed up for. We ended with a modest loss. "

Einhorn has since again, have to worry about other things such as completed his purchase of a stake in the New York Mets.

Go to zero Hedge article

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Mets and Einhorn was still in discussions