Former Microsoft CEO to Buy Los Angeles Clippers for $2 Billion

Steve Ballmer buys LA Clippers for $2 billion

$2 Billion?

(CNN) — Former Microsoft CEO Steve Ballmer has signed a binding 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.

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.

And it still may have to be approved by Donald Sterling, according to earlier comments by his attorney.

Get the whole scoop here.

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