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Showing results 1-10 of 900
    1. February 26, 2015

      Nets suitors seek clarity before jumping

      ...potential bidder The NBA played an instrumental role in offloading the LA Clippers to former Microsoft chief executive Steve Ballmer for a record $2bn last year. People close to the NBA said chief executive Adam Silver would be willing to help the...James Fontanella-Khan in New York, Roger Blitz and Arash Massoudi in London, and Courtney Weaver in Moscow

    2. February 26, 2015

      News publishers will find Facebook bear hug hard to resist

      ...this week — in case any regulators in Brussels happened to be listening. Not since former Microsoft chief executive Steve Ballmer started talking about his company as an underdog to Apple and Google has such an attempt been made to recast one of...Richard Waters

    3. February 9, 2015

      Sienna Capital backs activism with Primestone investment

      ...firm style of campaigning into billions of dollars of assets under management. ValueAct, with $16bn, has the exit of Steve Ballmer from Microsoft among its successes. Primestone will bring the approach to European medium-sized companies, which...Joseph Cotterill and Miles Johnson

    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

    4. 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

    5. 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

    6. 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...

    7. 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

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