(Reuters) – Joseph Tsai, the vice chairman of Chinese internet conglomerate Alibaba Group Holding Ltd (BABA.N), 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.

The deal could be finalized in the next few weeks, two sources said, cautioning that it was always possible negotiations collapse at the last minute. The exact size of Tsai’s possible stake could not immediately be learned.

Neither the Brooklyn Nets of the National

Read More At Article Source | Article Attribution