Microsoft CEO Steve Ballmer speaks at a news conference in Espoo, Finland on September 3, 2013, on his company's plans to acquire Nokia's smartphone business.
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Microsoft CEO Steve Ballmer speaks at a news conference in Espoo, Finland on September 3, 2013, on his company's plans to acquire Nokia's smartphone business.
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Sept. 3 (Bloomberg) -- Steve Ballmer, CEO at Microsoft, talks with Tom Keene about Microsoft's $7.2 billion deal to purchase Nokia's mobile phone business and his expectations for the acquisition going forward. He speaks on Bloomberg Television's 'The Pulse.'
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Agreement to buy the Los Angeles Clippers for $2 billion from the Sterling family trust, a source familiar with the situation told CNN on Thursday night.
A second source, who was familiar with the negotiations, confirmed the terms to CNN.
The sale, negotiated by Shelly Sterling -- co-owner with estranged husband Donald Sterling -- will have to be approved at a NBA Board of Governors meeting. It was unclear whether a meeting set for Tuesday will go on, given Thursday's developments.
And the sale still may have to be approved by Donald Sterling, according to earlier comments by his attorney.
Maxwell Blecher told CNN earlier that his client would have to consent to a sale and wants to be vindicated by the NBA, which is in the process of terminating the Sterlings' ownership in the team for racist remarks Sterling made in an audio recording released online in April.
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Microsoft has launched a radical new version of its Windows operation system, Windows 8. Company CEO talked about the ground-breaking features of the new OS.
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The LA Times has reported that former Microsoft chief executive Steve Ballmer has won the bidding war over the Los Angeles Clippers with a bid of $2 billion.
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Watch Racist Clippers owner Donald Sterling out, ex-Microsoft CEO Steve Ballmer offers $2 bn for team video.
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Microsoft's former CEO Steve Ballmer has reached a deal to buy the Los Angeles Clippers basketball team for $2bn (£1.2bn), reports say.
A source familiar with the negotiations told the BBC the bid was accepted, without giving further details.
Clippers owner Donald Sterling was banned from the sport for life after he was recorded making racist remarks.
The National Basketball Association (NBA) later agreed to begin the process of selling the team.The bid was reportedly accepted by Mr Sterling's wife, Shelly.
Mr Ballmer is believed to have outbid two rival groups for the team, one of which was led by media mogul David Geffen and included talk show host Oprah Winfrey.
Mr Ballmer retired from Microsoft in February, but he still owns shares in the company.
A forced sale of the LA Clippers would require the approval of three-quarters of the 30 team owners in the NBA.
But Mr Sterling could still oppose the sale in the courts, according to sports lawyers.
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According to the LA Times, Steve Ballmer, best known for his long tenure as the CEO of Microsoft, is reportedly set to purchase the Los Angeles Clippers basketball team for $2 billion. Previously, he had been tipped to bid $1.8 billion for the team. This is not Ballmer's first time basketball rodeo. He previously tried to keep the Seattle Supersonics in the city before the NBA squad moved to Oklahoma City to become the Thunder. Ballmer later tried to buy the Sacramento Kings and move them to Seattle. Ballmer has indicated that if successful in buying the Clippers, they would remain in L.A.
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