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Alibaba's Tsai nears deal to buy rest of NBA's Brooklyn Nets: source

Reuters Wednesday, 14 August 2019 ()
Alibaba Group Holding Ltd co-founder Joseph Tsai is nearing a deal to buy the 51% stake he does not already own in the U.S. basketball team Brooklyn Nets, a source familiar with the matter told Reuters.
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News video: Alibaba Co-Founder to Take Over as Brooklyn Nets Sole Owner

Alibaba Co-Founder to Take Over as Brooklyn Nets Sole Owner 01:15

Alibaba Co-Founder to Take Over as Brooklyn Nets Sole Owner In a deal with soon-to-be former owner Mikhail Prokhorov, Joseph Tsai also now owns Brooklyn's Barclays Center. The sale only needs approval by the NBA's Board of Governors to become official. Mikhail Prokhorov, via statement Prokhorov...

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