Report: Joseph Tsai, co-founder of Chinese site Alibaba, to buy remainder of Nets for $2.3...

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Joseph Tsai had wanted to get into the NBA game for a while and, back in 2017, put his money where he mouth was and spent $1 billion to buy 49 percent of the Brooklyn Nets. Now, he is exercising an option to buy the rest of the franchise from Russian owner Mikhail Prokhorov. Tsai, the co-founder of Chinese shopping site Alibaba (think Amazon but for China, but larger than the American firm), will spend $1.3 billion to purchase the remainder of the Nets, reports Josh Kosman and Brian Lewis of the New York Post.

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