Source: Ex-Microsoft CEO Ballmer to buy NBA's LA Clippers for $2 billion

By REUTERS
May 30, 2014 02:47

 
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Former Microsoft Corp chief executive Steve Ballmer has won the bidding for the NBA's Los Angeles Clippers franchise with a $2 billion offer, a source with knowledge of the bidding said on Thursday.

Ballmer outbid two groups, one led by media mogul David Geffen that offered $1.6 billion and another from Los Angeles investors who bid $1.2 billion.



An official representing Ballmer had no immediate comment.



The Clippers came up for sale after the NBA banned owner Donald Sterling for life because of racist remarks he made in a recorded conversation that was leaked last month to TMZ.com.

Sterling, who has vowed to fight the NBA's punishment, would have to approve the sale, as would league owners.

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