Point FM Sport, sportsNews — October 5, 2017 at 8:10 pm — Updated: October 5, 2017 at 8:10 pm

Exclusive: Alibaba’s Tsai in talks to buy stake in NBA’s Brooklyn Nets – sources

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(Reuters) – Joseph Tsai, the vice chairman of Chinese internet conglomerate Alibaba Group Holding Ltd , is in advanced talks to buy a stake in the Brooklyn Nets, valuing the U.S. basketball team at around $2.2 billion, people familiar with the matter said.

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