Thursday, May 29, 2014

Ex-Microsoft CEO Ballmer to Buy NBA’s LA Clippers for $2 Billion: Source

Former Microsoft Corp Chief Executive Officer Steve Ballmer won the bidding war for the NBA’s Los Angeles Clippers franchise with a $2 billion offer, a record for a professional basketball team, a person 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 included TV talk show maven Oprah Winfrey and Oracle Corp CEO Larry Ellison, the source said. A group of Los Angeles investors also bid $1.2 billion for the team. A Microsoft spokesman said Ballmer was not available for comment.








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