Wednesday, 29 July 2015
Last updated 3 hours ago
Apr 17 2013 | 11:48am ET
Third Point's Daniel Loeb has an impressive new yacht—a bargain for about $50 million.
Loeb paid between $50 million and $52 million for April Fool, a 200-foot yacht considered among the best ever built by legendary Dutch shipyard Feadship, CNBC reports. The seller was former Citigroup CEO Sandy Weill.
Weill put the seven-year old yacht on the market two years ago, seeking $69.5 million. The price fell to $59.6 million last year.
"Dan got a very fair price," a source told CNBC. "It's not a steal. But it's a great buy."
Loeb is reportedly already enjoying that great buy in the Bahamas. The April Fool features a large master stateroom, a fourth-level sun deck with jacuzzi, a sauna and an outdoor dining lounge.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…