Ballmer to buy Forum, clearing way for new Clippers arena

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Los Angeles Clippers owner Steve Ballmer is buying the Forum for $400 million, ending the billionaire's legal fight with the Madison Square Garden Company and clearing the way to build a new arena for his NBA team down the street in Inglewood, California. Ballmer, the former Microsoft executive, and Clippers vice chairman Dennis Wong are making the transaction through CAPSS LLC, a newly formed entity that will continue to operate the Forum as a live music venue. ''This is an unprecedented time, but we believe in our collective future,'' Ballmer said.

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