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insidehoops 11-01-2012 01:03 AM

Memphis Grizzlies sold - OFFICIAL
The Memphis Grizzlies announced today that the sale of the team to a group led by Robert J. Pera has been formally completed. Pera, founder and CEO of Ubiquiti Networks, a publicly-traded next-generation communications technology company, has officially assumed control of the Grizzlies and leads a group of well-respected investors.

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