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Russia’s Prokhorov sells 49 percent stake in Brooklyn Nets to…

MOSCOW (Reuters) – Russian billionaire Mikhail Prokhorov has sold a 49-percent stake in the Brooklyn Nets basketball team to Joe Tsai, the executive vice chairman and co-founder of the Alibaba Group, the NBA team said in a statement. Prokhorov will continue to... More »

Alibaba denies Tsai in deal talks with NBA`s Brooklyn Nets

Chinese internet conglomerate Alibaba Group Holding Ltd (BABA.N) denied on Thursday that its vice chairman, Joseph Tsai, is in advanced talks to buy a stake in the Brooklyn Nets of the National Basketball Association. More »

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