Thursday, May 29, 2014

Steve Ballmer Reportedly Buying L.A. Clippers For $2 Billion

The Los Angeles Times reports the tech mogul will pay $2 billion for the team.



Steve Ballmer, Nov. 19, 2013.


REUTERS/Jason Redmond


Ballmer's bid sets a record price for an NBA team and beat out a $1.6 billion bid from the Geffen group and a $1.2 billion bid from Ressler.


The previous price record for an NBA team team was set this month when Wesley Edens and Marc Lasry bought the Milwaukee Bucks for $550 million.




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