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

By Guest Sports News
May 30, 2014 in News Outlet

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Guest Sports News

Posted May 30, 2014

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By Ronald Grover and Eric Kelsey LOS ANGELES (Reuters) - 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 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 that 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.