Alibaba co-founder Tsai to buy remaining 51% stake in NBA's Brooklyn Nets

Alibaba co-founder Tsai to buy remaining 51% stake in NBA's Brooklyn Nets

FILE PHOTO: Joseph Tsai, Executive Vice Chairman of Alibaba Group, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake

Alibaba Group Holding Ltd co-founder Joseph Tsai is nearing a deal to buy the 51% stake he does not already own in the U.S. basketball team Brooklyn Nets, a source familiar with the matter told Reuters.

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