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Steve Ballmer reportedly offers $2 billion to buy Los Angeles Clippers

Steve Ballmer reportedly is set to become the next owner of the Los Angeles Clippers, with a winning bid of $2 billion for the rising professional team.

Published Thu, May 29 2014 8:27 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Former Microsoft CEO Steve Ballmer will reportedly purchase the Los Angeles Clippers basketball team for a record $2 billion. Several serious bidders offered to pay $1.2 billion and $1.6 billion, though Ballmer's winning bid must now be approved by the current Clippers owner and by the NBA.

Steve Ballmer reportedly offers $2 billion to buy Los Angeles Clippers | TweakTown.com

Despite the news, until current owner Donald Sterling signs off, nothing has been finalized. "There's been no sale," said Bobby Samini, an attorney representing Sterling. "There can be no sale without Donald's signature." Sterling has owned the team since 1981, when he paid just $12 million for the franchise.

Despite past efforts to keep basketball in Seattle, Ballmer said he wants to keep the Clippers in Los Angeles - though with the Lakers also in Los Angeles - he could try to push for a team relocation in the future. However, Los Angeles is the No. 2 media market in the United States, so it would make monetary sense to keep the Clippers in California.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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