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Thursday, May 23, 2013

Report: Deal reached to sell Kings

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 percent controlling interest in the Kings at a total franchise valuation of $535 million.

http://msn.foxsports.com/nba/story/maloof-family-reaches-deal-sell-sacramento-kings-software-tycoon-vivek-ranadive-051613

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