What do Steve Ballmer, Larry Ellison, and Magic Johnson have in common? They're all interested in buying the Los Angeles Clippers from embattled owners Shelly and Donald Sterling. The auction, said to be a blind bidding process in which those bidding do not know what their competition has offered, is moving quickly, with the Sterlings looking to unload the NBA franchise after Donald's racist comments led to his being forcibly removed from the leadership of the team. Ballmer's interest in the team isn't new, but according to Forbes the former Microsoft CEO is offering $1.8 billion.
Sterling paid $12.5 million for the Clippers back in 1981, so the sale, regardless of how it turns out, will net him a return on the investment. A sale for $1.8 billion would be 144 times the 1981 purchase price.
It's clear where Ballmer — whose net worth is estimated to be around $20 billion — and Oracle CEO Ellison (net worth: $43 billion) are finding their money. But Magic Johnson? He did well with the Los Angeles Lakers, but not that well. Johnson is tied up with investment group Guggenheim Partners, with whom he bought the MLB's Dodgers last year for $2 billion.
The other former Microsoft CEO, Bill Gates, on the other hand, is using his many more billions buying things too. Like working to eradicate malaria. But it's Ballmer's money, he can spend it on an NBA team without a championship to its name in a city with another team that has 16 such championships if he really wants to.
Update: Steve Ballmer has bid $2 billion to buy the Los Angeles Clippers. His offer has beat out bids of $1.6 billion and $1.2 billion from investment groups backed by the likes of Oprah Winfrey, Larry Elison and others. This does not mean Ballmer has bought the Clippers, just that he's offered to pay the most for the team. The current owners of the Clippers will need to accept the offer in order for the sale to move forward. If accepected by Clipper owners and approval of three-fourths of the other NBA owners, the sale would be the largest in NBA history. Source: LA Times
Update 2: NBA.com is reporting that Steve Ballmer has reached an agreement with Shelly Sterling to buy the Clippers for $2 billion. Source: [NBA](/Shelly Sterling reached an agreement)
Join us LIVE for the Windows Central Video Podcast today at 2:30PM ET
We're LIVE with the Windows Central Video Podcast today at 2:30pm ET, make sure you're there!
The Black Friday keyboard deals you need to know about
Getting your hands on a new keyboard is exciting for PC users, and thanks to Black Friday, it's more affordable than ever before. Here's a look at the best Black Friday keyboard deals available now.
Microsoft’s ‘Project Latte’ aims to bring Android apps to Windows 10
Microsoft is working on a software solution that would allow app developers to bring their Android apps to Windows 10 with little to no code changes by packaging them as an MSIX and allowing developers to submit them to the Microsoft Store. The project is codenamed 'Latte' and I'm told it could show up as soon as next year.
Here are the best Minecraft Black Friday deals for $15 or less
If you're looking for great stocking stuffers or more affordable gifts, we dug around to find the best Minecraft Black Friday deals for $15 or less.