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Showing results 1-10 of 897
    1. January 15, 2015

      Basketball franchises in play as rights value soars

      ...Hawks or the Nets to fetch the $2bn Steve Ballmer paid last year for the Los Angeles Clippers...possible we will get a clone of Ballmer. When you sell sports franchises, there are...receiving a return on it.” But as Mr Ballmer proved, they are also trophy assets...Roger Blitz, Leisure Industries Correspondent

    2. January 15, 2015

      Mikhail Prokhorov hires advisers for sale of Brooklyn Nets

      ...new $24bn rights deal with Walt Disney and Time Warner, spread over nine years. Former Microsoft chief executive Steve Ballmer paid $2bn for the Los Angeles Clippers, and the Atlanta Hawks is also up for sale. Mr Prokhorov owns 80 per cent of...Courtney Weaver in Moscow and Roger Blitz in London

    3. January 5, 2015

      ValueAct takes swipe at MSCI as activists flex muscles

      ...investee companies. Previous successes where ValueAct had a representative on the board include easing the exit of Steve Ballmer from Microsoft and building Valeant Pharmaceuticals into a major acquisition vehicle. Mr Ubben’s letter comes...Stephen Foley in New York

    1. December 16, 2014

      Microsoft suffers after BofA downgrade

      ...3 per cent in New York trading, hitting a low of $45.21. Since Satya Nadella took over as chief executive from Steve Ballmer in February, the company has shifted from its traditional business model, which relied on its Windows PC operating...Anna Nicolaou in New York

    2. December 11, 2014

      Risks high as Microsoft passes cloud milestone

      ...has risen nearly 50 per cent in the 16 months since Steve Ballmer, former chief executive, announced he would step aside. As the company’s biggest individual shareholder Mr Ballmer, who was blamed by Microsoft’s own board for missing...Richard Waters in San Francisco

    3. October 28, 2014

      Madison Square Garden: court capital

      ...a property trust. Splitting ownership of the MSG venue from the teams that call it home could be less wise. When Steve Ballmer bought the LA Clippers in May for $2bn, analysts suggested that the Knicks could be worth as much as $3.5bn...

    4. October 28, 2014

      Madison Square Garden explores break-up

      ...he said. Speculation over the future of the Knicks has been heightened since former Microsoft chief executive Steve Ballmer bought the rival Los Angeles Clippers for $2bn earlier this year. It marked the biggest price ever paid for a National...Shannon Bond and Gary Silverman in New York and Naomi Rovnick in Hong Kong

    5. October 26, 2014

      Ballmer makes slam dunk on Clippers deal

      Slideshow: Steve Ballmer’s purchase of the Los Angeles Clippers Steve Ballmer stands to gain as much as $1bn in tax benefits as a result of his $2bn purchase of the Los Angeles Clippers basketball team, helping to explain why the Microsoft...Arash Massoudi and Alan Livsey in London

    6. October 20, 2014

      Good payday karma for Microsoft chief

      ...software group paid to Bill Gates and Steve Ballmer in the 39 years that one or other...reflected the fact that Mr Gates and Mr Ballmer were already big shareholders, creating...said in this week’s filing. Mr Ballmer earned only around $16m in his...Richard Waters in San Francisco

    7. October 14, 2014

      Nice v nasty: which workplace is better?

      ...of the most profitable organisations of the modern era did best when led by a boss with a hard-charging attitude. Steve Ballmer, the tough CEO at Microsoft, was famous for his take-no-prisoners approach to rivals such as Google. During his...By Luke Johnson

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