Ballmer’s $2 Billion Offer Wins Clippers Bidding

Former Microsoft Corp. Chief Executive Officer Steve Ballmer agreed to buy the Los Angeles Clippers for a record $2 billion as the wife of Donald Sterling pushed through the sale without gaining the approval of the embattled owner.

Shelly Sterling signed a binding contract with Ballmer, according to a PR Newswire statement. She was acting under her authority as the sole trustee of The Sterling Family Trust, which owns the Clippers.