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Wednesday, May 22, 2013

Sacramento Kings sale: Maloofs close deal with local 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 percent controlling interest in the Kings at a total franchise valuation of $535 million.

http://www.sportingnews.com/nba/story/2013-05-17/sacramento-kings-sale-maloof-deal-nba-seattle-move-rejected

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