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"UPDATE: It's confirmed -- Shelly Sterling\u00A0has issued a press release announcing that she has signed a binding contract for the sale of the Clippers to Ballmer at a price of\u00A0$2 billion.\r\nOur original story follows.\r\nSteve Ballmer, Microsoft\u2019s former CEO, has\u00A0found something new to do with this time. According to the LA Times, he just won the bid to become the new owner of the Los Angeles Clippers NBA team.\r\n\r\nBallmer will reportedly pay $2 billion for the honor, making the\u00A0Clippers worth about two-third of a Beats. The sale, which is pending approval,\u00A0sets a record for the league.\u00A0The Clippers went up on the auction block after current owner Donald Sterling was punished\u00A0after a recording emerged of him making\u00A0seemingly racist comments.\r\n\r\nDespite Ballmer\u2019s Seattle roots, he has pledged to keep the\u00A0Clippers in LA. I'm personally hoping he changes the name\u00A0of the team to the &amp;quot;LA Developers.&amp;quot;\r\n\r\nPrevious update: Sterling's lawyer has suggested that he may choose\u00A0to block the sale.\r\nThumbnail\u00A0Credit:\u00A0Stephen Brashear/Getty Images"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/insider/2014/05/30/former-microsoft-ceo-steve-ballmer-buying-la-clippers-nba-team-2-billion/>