Former Microsoft CEO Steve Ballmer will buy the Los Angeles Clippers from current co-owner Shelly Sterling for $2 billion. Ballmer outbid competitors including Tony Ressler and Steve Karsh and a group including David Geffen and executives from the Guggeinheim Group. The deal must still be cleared by Donald Sterling, who controlled the team for more than three decades before he was caught on tape insulting African Americans. It will also need the blessing of 29 other NBA owners, who are expected to approve as long as Ballmer pledges again to keep the team in L.A. and not move them to Seattle, where he lives.
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