He's Out: Cohen Loses Dodgers Bidding

Mar 28 2012 | 3:20am ET

Steven Cohen was rebuffed yesterday in his bid to buy baseball's Los Angeles Dodgers. Instead of the SAC Capital Advisors founder, outgoing Dodgers owner Frank McCourt picked a group led by Los Angeles Lakers legend Magic Johnson.

The Johnson group agreed to pay $2 billion for the team, smashing the record for a North American sports franchise.


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