Seattle Times technology reporter Sharon Chan writes Microsoft chief executive Steve Ballmer sold $1.3 billion in Microsoft stock recently. Plus, he may sell another $700 million soon. Of course, you don't have to be a math wizard to realize that's $2 billion cash in his pocket.
Maybe it's just 'Hoop Dreams,' but the Sacramento Kings might be for sale. The Maloof brothers own the club. They've recently gone through some hard times financially. Plus, they want a new arena and it looks like that won't happen. Even NBA commissioner David Stern gave them a vote of 'no-confidence.'
According to Forbes.com, the Kings were worth $305 million last December. So with a mere $2 billion laying around, maybe Ballmer is making a run at an NBA team? Of course, he would have to pay more than the Kings are worth. It's one of 30 franchises. It's a rare commodity. Plus, he was willing to chip in $150 million to renovate KeyArena shortly after the whole 'Howard Shultz sold the Sonics to Clay Bennett' thing went down. With all that extra dough laying around, maybe he could build his own shrine to a professional basketball.
Again, we're no math wizards, but you hope 2+2 really equals 4. I guess we'll have to wait and see.
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