Ex-Microsoft chief ‘offers $1.8 bn for Clippers’

Ex-Microsoft chief ‘offers $1.8 bn for Clippers’ (via AFP)

Former Microsoft chief executive Steve Ballmer has offered $1.8 billion for the Los Angeles Clippers, Forbes magazine reported Thursday, with owner Donald Sterling facing moves by the NBA to strip him of the club. Citing “a person familiar with Ballmer…

Dan Loeb’s Third Point Re To Merge After Years Of Losses

Nestle Dan Loeb Daniel Loeb third point capital hedge fund manager activist investor poison pen activism Yahoo corporate governance famous investorsLast week, Third Point Re insurance, which is backed by US hedge-fund manager Daniel Loeb, said it would merge with Sirius International Insurance Group in a cash-and-stock deal worth around $788 million. The deal comes at a pivotal time for both companies. Third Point Re To Merge After Years Of Losses Early last year, reports Read More