Thursday, May 29, 2014

BREAKING: Ex-Microsoft Chief Bids $2 Billion for the Los Angeles Clippers

WSJ is reporting that former Microsoft Chief Steve Ballmer has made a $2 billion bid to acquire the Los Angeles Clippers.

UPDATE

CNN is reporting that Ballmer has signed a binding agreement to buy the Clippers. The NBA still needs to approve the sale.

6 comments:

  1. Setting aside all of the nonsense about forcing this sale, etc.... The great (ironic, laughable, whatever) part about this: the NBA handed Sterling Chris Paul after the league denied him to the Lakers. My guess? Chris Paul is responsible for creating at least $1 billion of the $2 billion value.

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  2. Now all the Clipper games will start five minutes late.

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  3. If I were Mr. Sterling, I'd take the $2,000,000,000 and give Stiviano a big "THANK YOU!" plus $10,000,000 to "get lost".

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  4. Ballmer. Great. If he runs the team like he ran msft, the will have a mediocre product with great marketing.

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  5. Sheesh. Hot money needs somewhere to park itself into real assets. There is no inflation.

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  6. Looks like they are really screwing Sterling with the "mentally incapacitated" ruling they are putting on him.

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