SUMMARY
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Former Microsoft chief executive Steve Ballmer has offered $1.8 billion for the Los Angeles Clippers, with owner Donald Sterling facing moves by the NBA to strip him of the club. Citing “a person familiar with Ballmer’s interest” in the Clippers, as well as another source with knowledge of the bids Sterling’s wife Shelly has received, Forbes magazine reported on its website that Ballmer’s offer package “is strong.” The club was recently valued by Forbes at nearly $600 million, but there has been speculation that it could fetch over $1 billion thanks to its location in a large and potentially lucrative US market and upcoming negotiations regarding money-spinning television rights.
Read the full story on Rappler.
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