Steve Ballmer is a former Microsoft chief executive who won a frenetic bidding war for ownership of the Los Angeles Clippers, with his $2-billion offer.
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The offer sets a record price for an NBA team.
Ballmer was chief executive of Microsoft for 14 years and was just chosen over competitors that included Los Angeles-based investors Tony Ressler and Steve Karsh and a group that included David Geffen and executives from the Guggenheim Group, the Chicago-based owner of the Los Angeles Dodgers. source
A person with knowledge of the negotiations said the Geffen group bid $1.6 billion and Ressler at $1.2 billion.
**UPDATE**
TMZ is reporting the deal is close but not inked just yet..
Sources familiar with the negotiations tell us … Shelly Sterling is in a meeting now — at the time of this post — negotiating with Ballmer and several other prospective buyers who have made offers.
We’re told Shelly is currently reviewing documents, but no agreement has been struck with anyone.
Our sources say, however, a deal will be finalized by end of business Friday … and Ballmer is definitely in the running. tmz