trending Market Intelligence /marketintelligence/en/news-insights/trending/XB4rdIwl2MHitEZqsqpzrQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Alibaba's Tsai to take full control of Brooklyn Nets, Barclays Center for $3.5B

OTT Winners, Losers In The Age Of COVID-19

After Growing In 2019, Latam FTTP Market Might Slowdown In 2020 Due To COVID-19

Another Outcome Of COVID-19: Olympics Postponed

COVID-19 Crisis: Legacy TV Universe Strategic Analysis


Alibaba's Tsai to take full control of Brooklyn Nets, Barclays Center for $3.5B

Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai is buying the remaining 51% stake he does not already own in NBA's Brooklyn Nets and the Barclays Center arena, Bloomberg News reported.

Financial details were not disclosed; however, a person familiar with the transaction reportedly said that Tsai is paying a total of about $3.5 billion, including debt, for the acquisition.

Tsai already owns a 49% stake in the organization, which he bought at a $2.3 billion valuation, and had an option to buy the remainder until 2021, the report noted.

The deal, set to close by September-end, is pending approval from NBA owners in what is deemed a formality since Tsai has already been vetted, the report noted.

Brett Yormark will resign as CEO of BSE Global, the parent company of the team and the arena, as part of the shakeup at the organization that would end Mikhail Prokhorov's ownership tenure, according to Bloomberg.