Menu
Report: Ballmer would pay $US1.8 billion for the L.A. Clippers

Report: Ballmer would pay $US1.8 billion for the L.A. Clippers

Ballmer has been interested in owning an NBA franchise for a while

Former Microsoft CEO Steve Ballmer is reportedly offering $1.8 billion for the L.A. Clippers, but that's not even the highest offer for the NBA franchise.

According to Forbes, someone familiar with Ballmer's interests quotes the $US1.8 billion figure.

Another source familiar with bids received by Rochelle Sterling - who has taken over the team for her husband, Donald - says they range up to $US2 billion and described Ballmer's bid as strong.

Ballmer has been interested in owning an NBA franchise for a while, most recently trying to buy the Sacramento Kings and move the team to Seattle when he was still CEO of Microsoft. He has said in an interview that if he did buy the Clippers, moving them would hurt the team value.

This is just the first round of bidding, so the price could go higher and alliances among bidders could form to share ownership.

The team is up for sale after the long-time owner Donald Sterling was banned for life from the NBA for racial comments he made in a phone call that was recorded and publicly released. After the ban, his wife took over the team so the league wouldn't be in charge of the sale.

Tim Greene covers Microsoft and unified communications for Network World and writes the Mostly Microsoft blog. Reach him at tgreene@nww.com and follow him on Twitter@Tim_Greene.

Read more about software in Network World's Software section.


Follow Us

Join the newsletter!

Or
Error: Please check your email address.

Tags Microsoftsoftware

Featured

Slideshows

Bumper channel crowd kicks off first After Hours of 2018

Bumper channel crowd kicks off first After Hours of 2018

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Jefferson in Auckland to kick-start 2018. Photos by Gino Demeer.

Bumper channel crowd kicks off first After Hours of 2018
Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Show Comments