Person familiar with deal says Maloofs reach agreement to sell Kings to Sacramento group

A person familiar with the deal says the Maloof family has reached an agreement with a Sacramento group headed by TIBCO software tycoon Vivek Ranadive to sell a 65 per cent controlling interest in the Kings at a total franchise valuation of $535 million.

http://www.spjournal.com/article/GB/20130517/CP03/305179986/-1/stp/person-familiar-with-deal-says-maloofs-reach-agreement-to-sell-kings&template=stpcpart