Steve Ballmer is reportedly buying the LA Clippers for $2 billion

Posted May 29, 2014

Former Microsoft CEO Steve Ballmer has reportedly purchased the LA Clippers for $2 billion, according to the LA Times. Ballmer seems to have swooped in after Donald Sterling was banned for the NBA for life. Sterling’s estranged wife Shelly said she was going to sell the team. Earlier this week, TMZ reported that Ballmer met with Shelley on Sunday afternoon at her mansion in Malibu, California. Ballmer outbid L.A. based investors Tony Ressler and Steve Karsh. Other people that were outbid included David Geffen and executives at the Guggenheim Group. The Geffen Group reportedly offered $1.6 billion and Ressler bid $1.2 billion.