Clippers owner Ballmer closes $400M deal to buy The Forum

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Los Angeles Clippers owner Steve Ballmer on Monday completed his purchase of The Forum from Madison Square Garden Entertainment Corp. for $400 million. Newly created Forum Entertainment LLC will continue operating the building that opened in 1967 as a concert venue. The current management team will remain in place and report to Gillian Zucker, president of business operations for the Clippers.

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