vendredi 30 mai 2014

Former Microsoft CEO Steve Ballmer Buys LA Clippers

The LA Times has reported that former Microsoft chief executive Steve Ballmer has won the bidding war over the Los Angeles Clippers with a bid of $2 billion.


Former owner Donald Sterling allowed his wife to sell the team before the family could be ousted from ownership. He lost the team after he insulted African Americans in a secret audio recording.


Ballmer beat out competitors including Los Angeles-based investors Tony Ressler and Bruce Karsh, as well as a group led by David Geffen with bids of $1.6 billion and $1.2 billion respectively.


Ballmer announced that he would be leaving Microsoft last August, and he has an estimated net worth of roughly $20 billion. He has no intention of moving the Clippers if the purchase, which requires the approval of three-fourths of the 30 NBA owners, goes through.


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