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Thursday, 5 October 2017
Exclusive: Alibaba's Tsai in talks to buy stake in NBA's Brooklyn Nets - sources
(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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