SCOOP (1/4): @FoxBusiness has confirmed Melvin Capital considered a "range of options" including selling itself or liquidating amid massive $GME losses, but the firm has sharply reduced leverage & ppl there believe the worst is over. Obviously the situation is fluid. Sources also (2/4) say Citadel @citsecurities discussed a buyout w Melvin mgt, but Melvin ultimately demurred through a massive deleverage. The firm believes it can survive now that it has money from Pt. 72 and Citadel combined w much lower leverage that will reduce portfolio volatility.

BREAKING (thread) For now (and these things can change) bidding for @Mets is coming down to Steve Cohen and Harris Blitzer. Despite all the leaks of investors, the @AROD group doesnt appear to have enough cash to compete, at least not yet. Again, this could change with another Repole/Viola bidder willing to put up multiple hundreds of millions of dollars in CASH. But if this is Cohen v H&B, big question whether H&B will seek to outbid Cohen and his $2b valued offer for the team. H&B have said i the past they wouldnt but that doesnt mean they wont. ALSO