Announced
Financials
Tags
Private
basketball club
Single Bidder
Pending
Entertainment
United States
Acquisition
Friendly
Synopsis
Brooklyn Nets owner Mikhail Prokhorov has completed the sale of a 49% interest in the Brooklyn Nets to Joe Tsai. Mr.Tsai is executive vice chairman and co-founder of Alibaba Group, a global internet company with businesses in e-commerce, cloud computing and digital entertainment. Mr. Prokhorov commented, “As we looked for a partner for the team, the number one priority was to find someone who shares our global vision and passion for the future development of the Brooklyn Nets."
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