Donald Sterling reversed himself and dropped his support for the $2 billion sale of the Los Angeles Clippers to former Microsoft Corp. (MSFT) Chief Executive Officer Steve Ballmer, five days after he had agreed to it. Sterling, 80, withdrew his support for the sale negotiated by his wife and will pursue a $1 billion antitrust
Donald Sterling, who has owned the Los Angeles Clippers since 1981, sued the National Basketball Association a day after his wife agreed to sell the team for $2 billion to former Microsoft Corp. (MSFT) Chief Executive Officer Steve Ballmer. Shelly Sterling said in announcing the record price Ballmer agreed to pay that she was acting
Shelly Sterling reached an agreement Thursday night to sell the Los Angeles Clippers to former Microsoft CEO Steve Ballmer for $2 billion, according to an individual with knowledge of the negotiations. The individual, who wasn’t authorized to speak publicly, told The Associated Press that Ballmer and the Sterling Family Trust now have a binding agreement.