Tags: Microsoft | Ballmer | Buy | Clippers

Reuters: Microsoft Ex-CEO Ballmer Offers $2 Billion for LA Clippers

Thursday, 29 May 2014 07:41 PM

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.

© 2017 Thomson/Reuters. All rights reserved.

 
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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 told Reuters.
Microsoft, Ballmer, Buy, Clippers
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2014-41-29
Thursday, 29 May 2014 07:41 PM
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