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Guggenheim, Geffen Group Plan Joint Bid for NBA's Clippers

Investment bank Guggenheim Partners and a group headed by billionaire David Geffen plan to submit a joint bid for the Los Angeles Clippers pro-basketball team, according to a person with knowledge of the bidding process. Geffen's group includes television icon Oprah Winfrey and Oracle Chief Executive Officer Larry Ellison. In 2012, Guggenheim headed a group that included basketball great Magic Johnson and bought the LA Dodgers baseball team for $2.15 billion. Johnson is a part...

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