Mets Owner Steve Cohen Takes Sizable Stake in Sphere Entertainment [Yahoo! Finance]
Sphere Entertainment Co. Class A (SPHR)
Company Research
Source: Yahoo! Finance
Cohen, the hedge fund billionaire and owner of the New York Mets on Tuesday revealed that his firm, Point72 Capital, has taken a 5.5 percent stake in Sphere Entertainment Co., the company that owns and operates The Sphere in Las Vegas. More from The Hollywood Reporter Sphere Las Vegas Has Big Plans for Independence Day: Debut of 'XO Audio' and 'XO Stream' Former Warner Bros. COO Carolyn Blackwood Tapped as Head of Sphere Studios Sphere Entertainment Ups Jennifer Koester to President and COO According to a securities filing Monday afternoon, Point72 now owns over 1.5 million shares (including options), with a market value of over $50 million as of writing. Cohen's stake in the Sphere follows another significant investment in a media company with a heavy sports portfolio: Fox Corp. Point72 disclosed a 5 percent stake in Fox back in March, valued at about $350 million at the time. Fox has bet heavily on live sports, and is in the drivers seat of the upcoming sports streami
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News
- James Dolan Inks Contract Extensions With His MSG Companies and Sphere Entertainment [Yahoo! Finance]Yahoo! Finance
- The exosphere of Sphere Las Vegas turns 1. See some of its spectacular illuminations [USA TODAY]USA TODAY
- Here's Why Third Avenue Small-Cap Value Fund Sold Sphere Entertainment Co. (SPHR) [Yahoo! Finance]Yahoo! Finance
- Sphere Entertainment Co. (NYSE: SPHR) had its price target lowered by analysts at Guggenheim from $48.00 to $43.00. They now have a "buy" rating on the stock.MarketBeat
- A Look At The Fair Value Of Sphere Entertainment Co. (NYSE:SPHR) [Yahoo! Finance]Yahoo! Finance