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Joseph Tsai To Buy Out Rest Of Brooklyn Nets In Record $2.35 Billion Purchase

Video Credit: CBS 2 New York - Duration: 00:27s - Published
Joseph Tsai To Buy Out Rest Of Brooklyn Nets In Record $2.35 Billion Purchase

Joseph Tsai To Buy Out Rest Of Brooklyn Nets In Record $2.35 Billion Purchase

Joseph Tsai, the co-founder of e-commerce company Alibaba who already owned 49 percent of the franchise, will purchase the remaining 51 percent from Russian billionaire Mikhail Prokhorov for a total of $2.35 billion.

Katie Johnston reports.

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