Alibaba's Joseph Tsai to buy Brooklyn Nets in deal valuing team at record $2.35 billion, media reports
12 of the Brooklyn Nets shoots against Fred VanVleet No. 23 of the Toronto Raptors at Barclays Center on April 3, 2019 in Brooklyn, New York. Joseph Tsai, the billionaire co-founder of e-commerce giant Alibaba, is in talks to buy the remaining 51% of the Brooklyn Nets basketball team from Russian billionaire Mikhail Prokhorov, according to The New York Post. Tilman Fertitta, owner of restaurant chain Landry's, also paid $2.2 billion to purchase the NBA's Houston Rockets in 2017. Stuart Bryan, a spokeswoman for BSE Global, which manages and controls the Brooklyn Nets, declined to comment.
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