Friday, April 13, 2018

UPDATE 1-Russia's Prokhorov sells 49 pct stake in Brooklyn Nets to Alibaba's Tsai

MOSCOW, April 13 (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.

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