Former Microsoft CEO Steve Ballmer has outbid competitors to purchase the Los Angeles Clippers from disgraced owner Donald Sterling for a record $2 billion.
The bid exceeded a $1.6 billion offer from a group including David Geffen, Larry Ellison, Oprah Winfrey, Laurene Jobs and the Guggenheim Group, as well as a $1.2 billion bid from Los Angeles-based investors Tony Ressler and Steve Karsh. Geffen confirmed to TheWrap that his group’s been had been withdrawn as of late Thursday.
Also read:ย Donald Sterling Sent Letter to NBA Allowing His Wife to Negotiate LA Clippers Sale
Individuals with knowledge of the situation said Shelly Sterling agreed to the sale, but Donald must still sign off on it.