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Description: Former Microsoft Corp. (MSFT) Chief Executive Officer Steve Ballmer bought 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.

Source: Bloomberg.com

Date: May 30, 2014

Link: http://www.bloomberg.com/news/2014-05-30/ballmer-s-2-billion-offer-said-to-win-clippers-bidding.html

Questions for Discussions:

  • Do you think the price was fair to both parties to the deal?
  • How should a sports franchise be evaluated from a financial point of view?

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