david bagnell for cbs news, los angeles. >> after the $2 billion deal with steve ballmer was announced, shelly sterling said in a statement, quote, i am confident that steve will take the team to new levels of success while balmer said i will do everything in my power to ensure that the clippers continue to win big and win big in los angeles. >>> now, to an alarming breakout of measles in the country, measle outbreaks have reached a 20-year here according to the senn fers fcenters for disease . dr. jon lapook said those who came down with the measles didn't get vaccinated. this doctor is with the cdc. >> most of the people who decided not to be vaccinated through certain beliefs and philosophical reasons and when measles are imported in the united states and finds an unimmunized person, that person will get'sles. >> reporter: almost 90% of the cases got it in california, new york, and ohio. in the united states the vaccination rate against measles is over 90%, but pockets of unimmunized people remain. the 177 cases in ohio were primarily among unvaccinated amish communities. some of th

and for the clippers this says a lot about steve ballmer, he is a ba baller, for sure.uy has big money. he must have won a bidding war. >> a lot of this -- >> go ahead. >> a lot of this has to do with the tv rights. and the broadcast rights. because what this is -- is content. and this is the ability of people to put out content and to sign these very lucrative deals. so -- >> you say it is just a game. anderson, this changes the game. i mean, when you're paying $2 billion for a franchise? now everybody is going to have to be a steve ballmer to own a new professional sports franchise. this is not even the nfl. you know, this is the nba. so i mean, this is a stunning number and i think a lot of it has to do with the fact that steve ballmer is paying. he is a celebrity. he is a superstar now. he got rid of a pariah. and donald sterling is a hero. throughout the nation this is a big, big story. larger than sports and he has made the largest sports acquisition of all time. and he could have gotten this team, i believe, for hundreds of millions less. >> hundreds of millions

steve ballmer may have found his new occupation as an nba team owner. the latest on the purchase of the l.a. clippers, coming right up. >>> you're watching "worldwide exchange." >>> welcome back to the show. these are your headlines. bnp paribas faces a $10 billion fine for evading u.s. sanctions. >>> google moves towards complying with europe's corporate privacy. >>> and steve ballmer nets a $2 billion deal to buy the l.a. clippers. >>> steve ballmer stepped down as microsoft ceo just a few months ago but he's already found his next potential venture as owner a professional sports team. morgan brennan is at cnbc hq with all the details. morning, morgan. >>> hi, julia. steve ballmer has reached a deal to buy the los angeles clippers for $2 billion. which would be the most ever paid for an nba franchise. earlier this month, the milwaukee bucks sold for $550 million. just for comparison, the l.a. dodgers baseball team sold for $2.1 billion in 2012. shelly sterling, the wife of donald sterling says she signed a contract that's been sent to the nba for appr

she has gotten apparently this phenomenal price from steve ballmer. i think what everybody needs to do is kiss and make up. sell the team, no meeting next tuesday, all the owners walk away rich and happy. >> let me play the sound bite they're talking about. >> we have an option of filing it before tuesday or we have an option of filing it after tuesday. there is no detriment to our filing it either way. so we'll make that decision. we haven't made it yet. we did not want to interfere. be very candid with you. we did not want to interfere with mrs. sterling's efforts to sell, to try to arrange for a sale of the team. >> so jeff, you're saying basically -- if the sale is done to ballmer they're just going to go along with it? >> absolutely, that -- if he didn't want to sell the team he wouldn't give his wife space to sell the team. that is what he did. that is what she has done. and it looks like a deal is in the works. >> steve, i'm not sure, i completely agree with that. the fact of the matter is donald sterling is in a no-win situation regardless of

former microsoft ceo steve ballmer has won the bidding war for los angeles clippers. struck a deal with shelly sterling to buy the clippers for a record $2 billion. it's been submitted for league approval. so far donald sterling though hasn't signed off on the deal. but does he need to? a lot of questions here. not a lot of answers but a lot of development. let's get over to cnn's rosa flores with the latest. >> kate, good morning. two things are very clear this morning. shelly sterling wants this to be over. she wants the sale to be done. she said this morning making this announcement just moments ago and i'm going to quote here, i am delighted that we are selling the team to steve who will be a terrific owner, she says. we have worked for 33 years to build the clippers into a premier nba franchise. i am confident that steve will take the team to new levels of success. now, here is the other side of this story. donald sterling, he is saying, i don't care about the money. i have plenty of money. he wants vindication. he doesn't want his name associated with the word r

first of all, what kind of an owner is steve ballmer going to be? >> i cannot wait to see the clippers play the mavericks to see cuban out jump ballmer or ballmer out jump cuban on the front row, and that is what this is all about. these are people of billion to want to sit in the front row. he just bought a two -- a front row ticket for $2 billion. he promises to keep them in l.a. jon, do you believe him? he lives in seattle. >> oh, definitely. people are excited about this. financially, it would make no sense at all for and to try to move the team, and that has a lot to do with the financial power behind having a team here in los angeles with a tv rights deal that is expiring after the 2016 season. we saw when the doctors were acquired for a huge price tag. they were able to turn around and cut a huge tv deal. a new channel where there is a huge opportunity to make some money, and i think that is how you ultimately get to the $2 billion price tag. oflarry ellison, the ceo oracle, try to buy the team. >> he is now zero-for now, right? >> what do you

lotus with "miami vice." >> reporter: and a spoof to this '90s club hit. ♪ baby don't hurt me >> steve ballmereporter: in 1998, ballmer rose to president, then ceo in 2000. taking the company through hits like xbox and kinect and flops like windows vista. >> our job, our job, is to make sure that not only is pc not dead but we're constantly innovating it, reimagining it. >> reporter: he stepped down at ceo of microsoft just three months ago but remains on the board of directors and is a digger shareholder than bill gates. he's worth more than $20 billion, according to the forbes and sits at number 35 on the magazine's annual billionaires list. ballmer grew up near detroit where his father was a manager at ford motor company. he went to harvard and briefly attended stanford school of business and is no stranger to the business of sports. his name has been tied to a possible deal for the sacramento kings. but that fell through. now he's poised to make the biggest nba deal ever going from high-tech billionaire to courtside baller. four words --ite write the check. if the deal goes through that gi

steve ballmer. with this deal in place, the league intends to withdraw charges to strip donald sterling of his ownership. ben tracy in los angeles has the latest. >> one strategy, one team -- >> reporter: steve ballmer is going to pay the $2 billion in cash. after all, he is worth $20 billion. we are told he believes buying a pro sports team in los angeles is "a once in a lifetime opportunity." >> so it's simple law of supply and demand. >> reporter: ray katz runs a sports marketing firm. >> i think he wants to be an owner of a treatment in a tremendous league in one -- of a team in a tremendous league in one of the two largest markets and can afford to do that. >> reporter: ballmer brokered the deal with shelly sterling and nba officials but not donald sterling, the man who owned the clippers for 34 years. he vowed to fight the sale of the team resulting from his remarks made last month. max bleacher is his attorney. >> he has not agreed to accept mr. ballmer's bid or any other, period. >> reporter

she's gotten apparently this phenomenal price from steve ballmer. i this i that is what everybody needs to kiss and make up. sell the team. no meeting next tuesday. all owners walk away rich and happy. >> let me play that soundbite from bleacher that they're talking about. >> we have the option of filing it before tuesday or the option of filing it after tuesday. there is no to our filing it either way. well make that decision. we haven't made it yet. we did not want to interfere, be very candid with you, we did not want it interfere with mr. sterling's efforts to try to arrange for the sale of the team. >> so jeff one say, if the sale is done to balmer, they are just going along with it? >> absolutely. >> if he didn't want it sell the team, he wouldn't give his wife space to sell the team. that's what he did, that's what she's done. >> i'm not sure aagree with that. donald sterling is in a no-win situation. regardless of what claims he wants it make. in the end, though everybody is preaching about the u.s. constitution, there is also something call

his steve ballmer overpaying for the l.a. clippers?illance. $2 billion is what he is ready to spend on the clippers. data check right now. we have a lot of economic reports coming out later this 8:30 a.m..i are littlefutures changed. trading at a record high right now. 2.470% on the 10 year yield. we will continue to keep an eye on that one. everyone,rning bloomberg surveillance. bloomberg radio plus and bloomberg tv plus. with me is scarlet fu and stephen johnson. we want to talk about the turmoil of the bond market. >> turmoil when it comes to discussions on inequality. after critics charged with using faulty data, he published another 4400 word essay defending his book. no wonder where you stand on the mania has struck america. clive, i know you have plenty of misgivings about piketty's work. convincedmericans are that his book provides hard evidence that they are right in feeling that there is something wrong. >> he put his finger on the pulse of american culture, hasn't he? america's political culture is assessed with this issue o

steve ballmer wants to sit courtside in los angeles.rprised that he larry ellison and others. the $2 billion statistics has everybody's attention. greatht speak to the distortion of these times, seven years on in a financial crisis where the upper 1% is doing well. we will talk to paul in our second hour of "bloomberg surveillance." back with pimco, michael mckee will help me with this interview. paul macauley on the great distortion and what it means for the federal reserve and the bond market. how prewar it will link this to the equity market as we get ready for the weekend. bond yields as we go to next thursday and the ecb meeting. howard ward on what it means for the equity markets. >> i know l.a. is called lalaland, and we should call wall street lalaland. these numbers are getting extreme. >> it is interesting how we moved in bonds, the differences between europe and the u.s. also the correlations to other markets. gold struggling this week. all in all, it is getting ready for the weekend. what is it me for the equity markets? by

steve ballmer's personal wealth is estimated at $20 billion. he dropped out of college to join microsoft in 1980. he was named ceo in january of 2000. he retired in february. >> now with the ongoing saga of the casino matrix, the card room is in jeopardy of being shut down this summer. state officials didn't renew the operating licensed to. instead the california gambling control commission voted to schedule a hearing it lock into accusation that the owners hid millions in profit. the license expires saturday but the casino will be allowed to stay open pending result of the hearing. expected to take place in a few months. >> change is prompting more officers to leave their job with the san jose police department. four officers resigned when changes to the disability retirement benefits kicks in. here is the change, if an officer now gets hurt on the job we he may be forced to take a desk job. officers told nbc bay area that those are the first positions to go when budget cuts come around. it's possible the department could lose 200 officers to

former microsoft ceo steve ballmer is hooping it up. he has won the bid of more -- bidding war for the l.a. clippers. s will eliminate more than 11,000 jobs. that is 3% of its workforce. we begin with a bloomberg exclusive. target is still reeling from that data breach last year. that left vulnerable 40 million credit card customers. john mullen has been handling the fallout. he joins us for an exclusive interview. julie hyman joins us now with the big takeaways from that interview. with him after that interview to continue the conversation. this company is well under its way to try to fix some of the issues that led to that data breach. now, mulligan says he has three priorities. trafficking sales here in the anded states, fix canada, transform to an on the channel retailer. drive more sales off line. he acknowledged that target has lost their mojo. fixing that is the question of what he calls an shackling ourselves, allowing ourselves to take risks in the stores. >> when we are at the best, we are driving newness into the stores. we h

and then the nba will sell the franchise to steve ballmer. steve ballmer is getting this franchise sooner rather than later. >> what do you think, don? you think this is a lot of posturing going on, but in the end, by tuesday, there will be a deal, the clippers will be sold? >> well, i think that regardless of what happens, i think that the nba is going to go on with their june 3rd meeting. i'm not sure about the sale, where it's going to be, where they're going to be in the process. but, again, i'm very skeptical as i've been saying here for weeks, as i've been spending the evening with you, wolf, that i'm very skeptical of these two people because i don't trust what comes out of their mouths. i think they're in cahoots and think they're scheming together, so i think the nba is going to go forward and do what they said they're going to do, but i'm not so sure about donald and shelly sterling. i don't know what's up their sleeve. >> you know, l.z., a lot of people suspect they're working together, good cop/bad cop kind of scenario. what do yo

hour, steve ballmer has reached a deal to buy the 2a. clippers for a whopping billion dollars. shargh the record for an nba team. the sterling team agreed to sell after owner, donald sterling, was banned from the nba after making racist comments. bomber has promised to keep the team in l.a. has promised to keep the team in l.a. off the capsule saying it should be ready in two years. allow you tolegs land anywhere on earth. nintendo is hoping a partnership can help it with slumping sales. they launched their mario kart and players will be able to drive a mercedes for the first time. the mario character appears in a mercedes commercial in japan as nintendo tries to make more money. day.r lead story of the steve ballmer is going to have something new to get excited about and retired. known foricrosoft ceo his emotional speeches, jumping up and down, has reached a deal to buy the l.a. clippers for $2 billion and that shatters the record for an nba team. the previous high was %550 million. r said i lovellme basketball and will make sure that they win big. the sterling trust moved to

it says she signed a bidding contract by the sterling family trust to steve ballmer. ballmer says he intends to do everything in his power to ensure the clippers continue to win in los angeles. he also thanked shelly's willingness to entrust him with the franchise. the sale comes ahead of the a tuesday hearing because of insensitive remarks he made. an attorney for sterling telling nbc he has not agreed to sell at any price. they each other 50% of the team. >>> now to more than 100 lawmakers from both parties at what the firing or resignation of eric shinseki. one administration official saying he's, quote, on thin ice. good morning to you tracie potts. what's the temperature now? >> reporter: the temperature heating up for eric shinseki. didn't look good particularly for the phoenix va. now lots of questions about whether or not he should keep his job. today v.a. secretary eric shinseki speaks for the first time since the inspector general found 1700 vets in phoenix haven't put put on the official waiting list for an appointment. democrats and republicans now want sh

you can't imagine they're going to have a problem with steve ballmer.stion is going to be now if there is this other fight with about mental capacity, does the nba just sort of step back and stay on the sidelines while that gets resolved, or do they say we don't know how long this is going to take and what the resolution will be. . we'll go forward with our own proceeding and come june 3rd we'll start our own hearing. >> it's evident that steve ballmer wanted this more than the other billionaires did. >> single peer over here. i was ready to put on my clippers gear. i was all ready. >> the interesting thing is -- >> is it worth $2 billion? >> it doesn't matter. it's worth whatever somebody wants to pay. that's the bottom line for all of us. >>> within the last hour president obama met with secretary eric shinseki. the retired army general is under growing pressure to resign. this morning he apologized for mismana mismanagement at v.a.'s hospitals and promised to change the leadership where up to 40 patients died, allegedly, while waiting for care. >> th

none other than former microsoft ceo steve ballmer.hat $2 billion price tag though is still not a done deal. the embattled owner donald sterling could still fight the sale. but it seems the new past time for the very rich is buying sports teams. robert frank takes a look at whether sports franchises are becoming a new collectible for billionaires. >> reporter: call it billionaire inflation. the prices of things that billionaires really want are soaring. sports teams may be their h hottest new status symbol. steve ballmer, former ceo, has bid to buy it for $2 billion. he is obsessed he says with basketball, and needs something to do. he as $18 billion. >> ultimately, $2 billion was the price steve ballmer had to pay because this was a very competitive bidding process and he knew if he came in low he would not win this team. >> now if this deal happens it will underscore a fundamental shift in sports. sports teams have become more like collectibles, driven by the money and desires of today's billionaires. basically they're more like pica

the los angeles clippers will be sold to former ceo steve ballmer for $2 billion.eal still has to be approved by the league's board of governors. that is anticipated that it will happen. brian todd is "outfront." brian, what more are you learning about this agreement? because this comes as donald sterling of course is trying to sue for another billion. >> it's unbelievable, erin. you have two different sides speaking in two completely different tones tonight, almost simultaneously. first with the nba's announcement, that is the latest news here. as you mentioned, the nba says it's resolved its dispute with shelly sterling over the ownership of the clipper, that it's going to withdraw its charge to terminate the sterlings' ownership of the team. it's going to cancel the june 3rd meeting and vote that would have voted to have the owners vote on the termination of the sterlings' ownership. in return, shelly sterling and the trust have agreed not to sue the nba. and here is the interesting part here. the nba says shelly sterling has agreed to indemnify the nba against

. >> there is a deal on the table for former microsoft ceo steve ballmer, to buy the team. but clippers owner, donald sterling, says he won't sell. abc's tahman bradley has the overnight developments. >> reporter: it looks like the los angeles clippers have a new owner. espn is reporting the sterling family trust signed an agreement on thursday to sell the team to former microsoft chief steve ballmer. the price tag, a record $2 billion. the agreement was reached without the blessing of owner donald sterling. his wife, shelly, pushed the sale. mr. sterling may consider legal action. >> there's something really wrong. somebody is talking to the girlfriend in the privacy of their home. and then, winds up losing his life and his property. >> reporter: shelly sterling had hoped to find a buyer before an nba meeting next tuesday, when league owners could have snatched the clippers from the family as punishment for donald sterling's racist comments about african-americans. there were reportedly three bids for the clippers, all north of $1 billion. the relationship between donald a

it is one of the biggest deal in sports history, and the winning bidder, this man, steve ballmer, formerhe price tag? $2 billion, handily beating out competing betters like oprah winfrey and david geoff fin by $400 million. the deal is no slam dunk. ballmer signed an agreement with shelly sterling. the next play belongs to donald sterling. >> there is no sale. and he has not yet agreed to sign off, period. >> reporter: his lawyer telling wolf blitzer before news of the agreement that while donald gave her permission to negotiate selling the team, he did not give her permission to actually sell the team. >> not without reaching an accommodation with the nba which gives him so form of vindication. the money is not critical to him. >> reporter: the nba is pushing for a quick sale, trying to ward off a contentious meeting scheduled for this tuesday where owners will officially vote to force sterling out. the reaction overnight was quick with magic johnson tweeting, quote, clipper fans, you'll love steve ballmer as your owner. but either way, donald sterling will not leave empty-handed. he or

. >> what's behind former microsoft steve ballmer's stunning $2 billion deal for the l.a. clippers. everyone is talking about it. why billionaires with money to burn are changing everything when it comes to valuing sports franchises. >> you have a different take on it. >> i do. i think these franchises are going up in value. i'll fight it out with robert frank, but, first, the markets on this final trading day of may. pretty flattishch the dow jones industrial average, not moving a whole lot. still close to all-time high. down 15 points, and the nasdaq, the outperformer for the month of may, up almost 3% and under a little selling pressure and the s&p is positive and flipping around all day long, bill. >> remember, any positive close for the s&p will be another new all-time high. >> fifth in the last six trading sessions if memory serves. >> let's talk about in the "closing bell" exchange for this friday. dine jaffe from galileo dividend. focus fund is with us today. people all over the place on the floor. hank smith, as we talk ad nauseum about the low yields on the ten-year these

if you ask me who benefits i know maybe -- look -- >> can you ever imagine steve ballmer doing a -- >> couldn't have happened. >> similar -- >> steve as i know from the days when i first met him, intensely competitive man. and it's always zero sum with steve as it will be in the nba if he gets that franchise. zero sum. this business is about cooperation. i want to ask you a question, when you were out there, aren't you surprised, while companies tend to hate each other they don't. they work together. >> funny, kind of like politicians. you know, there's a disconnect between their public personas and private personas. but it can get nasty. but then they'll -- you see them hugging in the hallway. on crm, 54 is still a long way from 67. >> well, i mean, you know, salesforce.com you take a look at a company called splunk today and splunk, which guided higher, didn't guide high enough. i mean this is the new -- now sales force did guide high enough in the last quarter which is why it's been reversing. yeah, the enterprise to sales -- sales force is cheaper than software to service companie

forcing himself to retire is microsoft ceo steve ballmer may be with a new calling. he is the new owner of the l.a. clippers basketball team. a sale after the nba hosted lifetime ban from the sport that followed massive controversy over racist statements made by sterling after the statements became public and enraged players demanded his ouster. team, the% of the tech billionaire agreed to pay $2 billion for the franchise, and nba record. the sale is not yet finalized. he still needs to approve the sale. his lawyers says he is fighting .is punishment >> our latest business news, we are joined in the studio. google is bowing to a ruling from the european union top court? >> google is bowing to the european court of justice. an online form that has allowed europeans to ask for their personal details be removed from online search results that follows a recent ruling that upheld the so-called right to be forgotten. the chief executive has told the financial times that more internet regulation could hurt jeanette startups. >> a european privacy headache for digital search

a source telling cnn former microsoft ceo steve ballmer, a very, very wealthy man, has signed a binding agreement to buy the clippers for $2 billion. that's $2 billion. now, the sale was negotiated by shelly sterling, the team's co-owner and the maybe estranged, maybe not-so-estranged wife of donald sterling. it must be approved by the nba board of governors. the question now is will donald sterling give it his approval? overnight, his lawyer said no, at least for now. >> there is no sale. and he does not yet agree to sign off, period. >> earlier on "the situation room," this lawyer told wolf blitzer that the nba went too far in painting sterling as a racist and he wants some form of vindication. >> mr. sterling is entitled to his views about magic johnson, and they don't have to conform with your views or my views. the fact that he doesn't like magic johnson or doesn't have a lot of respect for him does not entitle the national basketball association to confiscate his team, fine him and banish him for life. those are draconian remedies. no one has ever, no sport has ever imposed remedi

clippers fans, you'll love steve ballmer as your owner.steve ballmer loves basketball, is a smart businessman and will probably shake every fan's hand outside the arena on opening night. so if the sale goes through what does steve ballmer bring to the table as the new owner? >> obviously he's got deep pockets, a great reputation. so far he indicated willingness to keep the team in los angeles there were rumors about him interested in moving a team to seattle. the clippers as an investment and as a franchise in the los angeles market is something that appears -- is safe for them and seattle will have to look elsewhere for potential owner. the other thing that has been talked about is whether or not the nba would allow a new owner to change the name of the team. you've got the los angeles clippers, which has not had a particularly successful run in terms of -- in the league, and so there is also a possibility he may want to change the name to reflect a new brand as he brings a new ownership group to the league in the fall. >> would the fans

steve ballmer tried to buy teams before. he's in some ways preapproved. this is kind of a sure thing here. what they want to do is get this behind them. i wouldn't be surprised to see a vote coming soon. >> ryan, thank you. ryan smith on the story from the jump. >> ironically, this scandal has made this team the most valuable team in the nba now. >> reporter: nobody would have thought this a month ago. two months ago. >> unbelievable. $2 billion. ryan, thank you. >>> we're going to turn to the big shakeup at the top of the scandal-scarred v.a. the veterans affairs chief has resigned under pressure after more than a month of shocking stories of inadequate medical care for those who served our country. abc's jim avila has more from the white house. the fact that politicians have both parties calling for him to step down really didn't believe the president much choice yesterday. >> reporter: you're right, bianna. and good morning. a new man at the top. will that bring in a new era at the v.a. who has been trained to hide bad news? >> a few minutes ago, secre

>>> earlier in the show we told you about the reports that steve ballmer has agreed to purchase the clippers. if you want to sound smart today, tell your friends that ballmer's offer if approved by team owners would be the most ever paid for an nba franchise. would also be the second most expensive sports team purchase of all time behind magic johnson 2012 acquisition of the l.a. dodgers for $2.1 billion. can you imagine? that's so much money. >>> let's huddle around the water cooler and check in with louis. we have an update in finale of the spelling bee. >> let's start with one of the most closely watched competitions around the world. the scripps spelling bee. they're enthusiastic and fun to watch though it can be misguided at times. >> karbaragoya. >> i know it! i know it! i totally know it. okay. c-a-b-a-r-a-g-o-y-a. what? >> the spellers aren't the only ones. >> did they say he was 15 and in eighth grade? can you be 15 in eighth grade? >> i don't know. sometimes even the moderator can slip up, tom. >> watch phrase reaction on language of origin. >> tabitha discovered while her milk sha

steve ballmer. former ceo of microsoft. the price tag, $2 billion. ily beating out competing bidders like oprah winfrey and david geffen by at least $400 million. but the deal is no slam dunk. ballmer has signed an agreement with shelly sterling. but the next play belongs to donald sterling. >> there's no sale. and he has not yet agreed to sign off period. >> reporter: his lawyer telling wolf blitzer before news of the agreement that while donald gave her permission to negotiate selling the team, he did not give her permission to actually sell the team. >> not without reaching an accommodation with the nba, which gives him some form of indication. the money is not critical to him. >> reporter: the nba is pushing for a quick sale. trying to ward off a contentious meeting scheduled for this tuesday, where owners will officially vote to force sterling out. the reaction overnight was quick. with magic johnson tweeting, quote, clipper fans, you'll love steve ballmer as your owner. but either way, donald sterling will not leave empty-handed. he originally b

. >> steve ballmer, we know what he is doing.e won the bidding war for the nba los angeles clippers. record $2 billion. we will be asking questions. let the force be with chicago or san francisco? this two states are locked in battle for star wars.ted to it is friday in new york city. stay -- how do i say i am stephanie ruhle in spanish? they will be a rate friday. -- it will be a great friday. time for the news feed. let's get serious. from around the world. president obama is meeting at this hour with the veteran affairs secretary. a serious have conversation about the ability to deal with mismanagement problems at the va hospital. more than 100 members of congress have asked obama to fire the head. lions gate could use another hunger games. the hollywood studio reported results that missed estimates. ishares opened a bit lower this morning. and former ceo steve ballmer has found something to do in his retirement with all that energy. he won the bidding war for the l.a. clippers. he will pay a record $2 billion for the nba team

. >>> tonight, steve ballmer was checking out his new home turf in los angeles. he watched a hockey game from a luxury box. he is already talking about big things for the clippers. there is still some legal drama with donald sterling. >> i'm keeping the team here in los angeles. i'm excited to have a team in los angeles. >> reporter: speaking with the la times before tonight's kings game. seattle billionaire steve ballmer spoke about his purchase. >> when you buy a tech company, you say what can we turn it into? this is one of the cheapest things i ever bought. >> reporter: he gave shelly sterling credit for moving quickly to sell the team. >> she would be welcome to be there. >> absolutely. >> reporter: late today, the nba announced the sterling trust has agreed to sell the clipper to ballmer meaning there is no need for a vote to remove sterling's ownership. >> they said you are a nut case and we are not going to sign the papers or involve you in the process. >> reporter: this complaint aobtained by the news says the nba had breaches contracted and denied his c

steve ballmer who ran microsoft will buy the team for an astounding $2 billion. a move that may finally lift the cloud over the team since owner donald sterling was heard making racist comments. we get our report tonight from nbc's miguel almaguer. >> reporter: it's the record-setting deal that has everyone talking. >> the one thing diminishing the brand is out, and that's donald sterling. >> reporter: a $2 billion agreement to sell the franchise to this man, former ceo steve ballmer, seen here in his microsoft days. the blockbuster deal that needs nba approval was reached overnight. i intend to do everything in my power to ensure the clippers continue to win and win big in los angeles. michael thompson played in the nba. >> it's great for the clippers. they have a fresh new start under a guy who has deep pockets, who can treat his employees and his players in a first-class fashion. >> reporter: the potential sale comes after donald sterling's racist comments. the nba banned him for life, fined him $2.5 million and began to force him out of the league. with the n

steve ballmer buying the team for $2 billion. donald sterling was ban over remarks of african-americans. the owners have to approve the deal. >>> rebound is meeting with v.a. chief shinseki over allegations of treatment delays around the country. shinseki is firing senior officials in phoenix. >>> the mystery millionaire behind hidden cash is posting a message telling them to "play it safe." he wants to keep paying it forward but a woman ran in front of his car the other day looking for the stashed cash and added there is another big announcement soon. >>> it is back. the many layer, quarter-mile visibility in santa rosa and the rest of us have clouds. the may gray will turn into june gloom with morning clouds and afternoon sunshine for the better part of a week and san rafael is okay and hazy and inland is 65 to 74 and around the bay, 70 at the coast. >> traffic now is solid and 15 to 20 minutes to get across the bay. on the map we have a brand new accident southbound in hair along 880 before you get to 92 and along westbound 92

steve ballmer, maybe not. to others, absolutely. no nba franchise has sold for less than what it is originally purchased for. there is the appreciation. >> we count on you for 20. >> exactly, if we all pool our money. i want to read something from sterling's lawsuit. this is a quote here. the forced sale of the los angeles clippers threatens not only to produce a lower price than a nonforced sale but forces anti-trust injury by the free market. so, brian, do you agree with that? do you think the sterlings could have gotten more if it had not been a forced sale? >> well, absolutely. that is part of the agreement that he originally went in to to become an nba owner you sign away all these rights. so often some of these things they get the anti-trust benefits and get the tax exemptions and stadium subsidies. for once, this is working against him. he agreed to give that all up when he became part of the league. he really doesn't have much of a leg to stand on. the only thing he can claim here is that his wife is actually acting, you kno

here are some of the top headlines we are following on "world news now." >>> former microsoft ceo steve ballmerthe clippers. a deal has been reached between ballmer and shelly sterling to sell the team for $2 billion. >>> sources are telling us a powerful explosion in syria's civil war was caused by a truck bomb driven by a man from florida. said to be the first such attack there carried out by an american. >>> the nsa is firing back at edward snowden after his network interview. snowden claims he repeatedly raised concerns over surveillance with his bosses but officials say they've only found one e-mail and it made no mention of abuse. >>> a fire destroyed a metal warehouse causing the building to collapse. flames shot through the roof and spread to neighboring building, trucks and rvs. but no one was hurt. those are some of the top stories on this friday, may 30th. >> announcer: from abc news, this is "world news now" with john muller and diana perez. >> all right. you have been having a bittersweet fun, surprising morning all morning long and the party is not over yet. your last day. >> this

clippers for $2 billion to former microsoft ceo steve ballmer. espn is reported experts declared team owner donald sterling mentally incapacitated with gave his estranged wife shelley power to sell the team. jelly says she has signed a contract to sell three to 00 and still have to approve the deal and his attorney stay with and that will not happen to this bill could be delayed. and the owners are set to meet next week to vote on forcing some to sell. last month, as it was banned for life from the nba after making racist comments and record that judge recorded conversation. it that's what happened when he tried to pick up his diploma. but they let me do everything i got to walk off through the year pass on my glasses i earned it >>: with to get our diplomas. not that my fellow graduate danville did i get his diploma either for the se actlfie he took. at that that is what it to be in the middle of this stage what i took what so i would be uneasy ever what that data was immediately pulled aside. but mark was told that i don't expect to get your di

the team will be sold to billionaire steve ballmer pending league approval. saying the sterlings resolved their dispute with donald sterling's wife, shelly. paid back the league for any suits from donald sterling who today announced he is suing the nba for $1 billion in damages. this after ballmer signed an agreement with shelly steriling to pay a whopping $2 bhl billion for the los angeles clippers. the largest sell in nba history. how was she able to sell the team when donald sterling refused to budge? a source tells abc news that donald sterling was found to be mentally incapacitated by neurologists this month. since the sterlings own the team in a trust, and the rules of that trust don't require a court to declare mr. sterling incapacitated, his wife shelly became the sole person authorized to sell it. today, another of donald sterling's lawyers telling abc news any assertion that donald sterling lacks mental capacity is absurd. mr. sterling's mental acuity is something shelly sterling raised with abc's barbara walters when talking about his now infamous

i was talking with friends of steve ballmer's. it's about his basketball fetish.eds something to do and he's got, by the way, $18 billion but it scores a fundamental shift in sports. teams are values more liked picassos, diamonds, and vintage ferraris. let's take a looket how the clippers are kind of a collectible. the clippers' bidder list reads more like a forbes list. now, balmer was aftering nearly twice what the competition was offering. there are also very scarce assets. they're not making new teams just like picasso isn't painting more paintings. number three, you get access to an elite club. it gives you entry. get this. sterling bought the clippers in 1981 for $12.5 million. if it sells for $2 billion, that's a 16,000 percent gain. the only thing that would compare to this is a ferrari gto. they sell today for over $50 million. so very few things in the world go up at that rate other than collectibles. >> i don't know about the internals of the clipper's business but an awful lot of these sports teams actually don't make money year to year but rather the

steve ballmer might finally achieve his greatest dream of being cool.le he failed in making microsoft hip, he could make it to the elite crowd by closing in on the purchase of the l.a. clippers. after failed attempts to buy the milwaukee bucks, he also tried for the minnesota timber wolves and the sacramento kings. sorry, you've got to be desperate to go for them. no, i'm being nice. i'm being mean. hey. we finally have a team that ballmer can call his own. now, he has to give up on relocating them to his beloved seattle, washington, but the price tag chops off his net worth -- i think he's worth about $20 billion -- by $2 billion. that's the cost. but the clippers are within reach. adam shapiro with the details on how much the current and tannerred owner, donald sterling, stands to make on this deal. this is a very high price. >> it's an incredible price because it's almost four times the record amount that was paid to buy the last nba team. but let's talk about this. donald sterling's return on investment could be as much as 16%. he bought the team in

wolf, looks it's almost over. >> say steve ballmer gets the l.a. rs, what are the chances he'd move the team from l.a. to seattle? >> ballmer has said he'd like to keep the clippers in l.a., but with his microsoft connections, he's closely tied with seattle. he tried to keep the seattle super sonics there before they became the thunder. we have tried to contact steve ballmer if he would keep the clippers in l.a. or move them and ask him about the shelly sterling meeting. we have not heard back from steve ballmer. >> if you do, let us know. >> will do. >> brian todd, thanks so much. let's dig deeper now, jeffrey toobin is joining us, along with don lemon and l.z. granderson. l.z., do you think after all that's happened to the clippers, the nba would actually allow the team to move the clippers to seattle? >> you know, that really depends upon who the owner is. i don't see a scenario like that, because the reasons why the seattle team left in the first place, i don't see that situation changing, but with that being said, if it expedites the situation,

the new owner is steve ballmer and paid a record $2 billion for the team. the contract will now need to be sent to the nba for approval. he lives in seattle but so far not interested in moving that team out of l.a. shelly sterling released a statement saying "i am delighted that we are selling the team to steve. who will be a terrific owner." >>> a major unveil from elon musk. last night he showed the world the future of space flight or so he hopes. a space taxi that seats seven. it's called dragon version 2. the first private spaceship capable of orbiting the earth. musk showed off an animation in southern california and insisted it will be able to land with helicopter accuracy anywhere in the world. >> that is how a 21st century spaceship should land. >> musk is also the ceo of bay area-based tesla. the interior bears a similar resemblance to electric cars made in fremont. >> we aimed for something with version 2 for the interfaces and for the overall esthetic of something that is very simple, very clean and so as a pilot you're able to interact with the

why is steve ballmer willing to pay 3.5 times that much? he outbid the closest bidder. minimal. this is not something he is buying principally because he wants to make money. this is someone who will take 10% of their net worth and they will buy a sports team in l.a. which is going to give them a lot of prestige. >> reporter: there should be added revenue for the team. future and local and national television deals which are estimated to bring in an extra $100 million for the team. not a small amount of money, but the big impact of the $2 billion bid is global. a lot of analysts saying this will drive up the value of other teams. chicago, new york, boston. teams that don't come on the market much. analysts predict those could go closer to $3 billion. really big numbers. especially when you put that into context and consider the fact the bucks were sold last month for the record-setting price at the time of $550 million. >> setting a new record now. alexandria field, thank you so much. >>> so it is saturday, but you better believe people in washington are working this mo

as a manager and owner, are you long steve ballmer is mark cuban without the technical. >> he could still want to see them both on opposite sidelines first game of the season in ballmer is so fired up. the day i met him so fired up about everything. fired up about nothing and fired up. >> jim, see you in a couple minutes on "squawk on the street." >> still to come, astronauts soon could be hailing space taxis. jane wells has that story. >> becky, the russian says they're going to stop taking u.s. astronauts to the space station. elon musk says that's okay, they're ripping us off. see how much it will cost when we come back 37 . >>> unveiled the next generation of space travel for astronauts and space cadet jane wells joins us with that story, hey. >> it was a little like tony stark. space x hqa little hollywood, steve jobs, detroit auto show, but worth more money than all of them put together as elon musk unveiled a privately crafted and owned spacecraft he hopes will carry humans into near earth orbit. the dragon v 2 craft is a human version of a cargo craft space x has sent three times

we also have a report from the los angeles times that steve ballmer will be buying the clippers. calling the nba's fine a and lifetime ban, efforts to force to give sterling to give up his team quote, draconian remedies, making it clear sterling is going to take this to the court the league makes the move to terminate the ownership over the racist comments he made. >> on tuesday they will confiscate his team under terms that are by constitution and bylaws, they'll do that illegally. and if they don't want a lawsuit challenging that conduct, they need to let us know before tuesday. >> our senior legal analyst jeffrey toobin is "outfront." you're part of that interview. you asked a lot of questions. now there are these reports that there could already be a deal here, that you could have the former ceo of microsoft buying the clippers. what is going to happen here? are they going to fight back? >> i think there is going to be a deal. i think the most interesting thing the lawyer said he is not suing now because he wanted to give shelly sterling the chance to negotiate a deal. if "th

that one you think about it, what is the value to steve ballmer? access into the 30 most powerful businessmen in the world. that's what happens with an nba team, you invest in a team. lou: he wasn't exactly running the rotary club in des moines, i was. [laughter] >> will look at what it did for mark cuban. he bought the dallas mavericks. and the crown jewels of all this portfolio, it's a halo investment for these guys. lou: the nba not making any money on this deal. it is sort of a shame to see that many kids go by. >> indirectly they are because they are getting rid of something that is a potential ways on the league and could potentially even to the brand equity of the other teams. a lot of the players are talking about boycotting. what if this was to shut it down that is a big concern. i'm saying that he deserves a crisis manager of the year award, adam silver. lou: he may have a little competition on that. because the question becomes how much of this was a railroad of donald sterling how many people are using this ignorance to their financial