Steve Ballmer

Steve Ballmer

Former Microsoft chief executive Steve Ballmer appears to have won a frenetic bidding war for ownership of the Los Angeles Clippers, with a $2-billion offer that would set a record price for an NBA team. Ballmer bid higher than competitors that included Los Angeles-based investors Tony Ressler and Bruce Karsh and a group that included David Geffen and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers. The Geffen group offered $1.6 billion and the Ressler-Karsh group $1.2 billion. People familiar with both those offers said they were rejected. Ballmer and the Clippers owners, Donald and Shelly Sterling, had not finalized a deal by late Thursday afternoon. Bobby Samini, an attorney for Donald Sterling, said as he left the team owner’s home: “There’s been no sale. There can be no sale without Donald’s signature.”

Read the full story at The Los Angeles Times.

Top Stories

Share this post

Like it? Tweet it.

"Steve Ballmer Submits $2 Billion Bid to Buy the Los Angeles Clippers" by @ShellyPalmer