(CNN) — Former Microsoft CEO Steve Ballmer has signed a binding agreement to buy the Los Angeles Clippers for $2 billion from the Sterling family trust, a source familiar with the situation told CNN on Thursday night.
The sale, negotiated by Shelly Sterling — co-owner with estranged husband Donald Sterling — will have to be approved at a NBA Board of Governors meeting.
And it still may have to be approved by Donald Sterling, according to earlier comments by his attorney.
Get the whole scoop here.