Yahoo: Microsoft's Ballmer and Seattle group set to buy Kings - report (Reuters)

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SEATTLE/SACRAMENTO (Reuters) - A group of investors led by hedge fund manager Chris Hansen and Microsoft Corp CEO Steve Ballmer is close to a deal to buy the Sacramento Kings basketball team for $500 million and move the franchise to Seattle, Yahoo Sports reported on Wednesday. The Maloof family, which has wrangled with the city of Sacramento for years over a new arena and held talks with other cities about moving the team, has now agreed to sell, the report said, citing league sources. Reuters could not confirm the report. ...

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