Yahoo: UPDATE 1-NBA-Microsoft's Ballmer and Seattle group set to buy Kings-report (Re

[Revrag]

* Deal worth $500 million * Report says team will move to old Supersonics home * Sacramento mayor desperate to keep team SEATTLE/SACRAMENTO, Jan 9 (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. ...

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[VF21]

Note: This story is a Reuters rewrite of the original Yahoo story and does not contain ANY new information.