Friday, 30 May 2014

Microsoft's Boss buys Los Angeles basketball team

Microsoft's ex-CEO Steve Ballmer 'wins Clippers bid'

Steve Ballmer. File photo Steve Ballmer left Microsoft in February but still own shares in the company

Microsoft's former CEO Steve Ballmer has reached a deal to buy the Los Angeles Clippers basketball team for $2bn (£1.2bn), reports say.
A source familiar with the negotiations told the BBC the bid was accepted, without giving further details.
Clippers owner Donald Sterling was banned from the sport for life after he was recorded making racist remarks.
The National Basketball Association (NBA) later agreed to begin the process of selling the team.
LA Clippers players face Oklahoma City Thunder. Photo: May 2014 A forced sale of the LA Clippers would require the approval of three-quarters of the 30 team owners in the NBA
The bid was reportedly accepted by Mr Sterling's wife, Shelly.
Mr Ballmer is believed to have outbid two rival groups for the team, one of which was led by media mogul David Geffen and included talk show host Oprah Winfrey.
Mr Ballmer retired from Microsoft in February, but he still owns shares in the company.
A forced sale of the LA Clippers would require the approval of three-quarters of the 30 team owners in the NBA.
But Mr Sterling could still oppose the sale in the courts, according to sports lawyers.


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