Steve Ballmer May Not Be Buying the Clippers, After All

Disgraced Los Angeles Clippers owner Donald Sterling blocked former Microsoft CEO Steve Ballmer's $2 billion bid to buy the basketball team on Monday. The sale of the team would need Sterling's signature to go through.

Instead, Sterling is pursuing a $1 billion lawsuit against the NBA. He issued a statement on Monday saying "the team is not for sale," adding "from the onset, I did not want to sell the Los Angeles Clippers." In late May, Ballmer won a bidding war for the team. The deal needed the support of the NBA's other 29 team owners, but that was expected to happen as long as Ballmer vowed to keep the team in Los Angeles rather than move it to Seattle, where Microsoft is based. Read more...