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Pistons owner "cautiously optimistic" about sale

WKAR Public Media
Published February 17, 2011 at 5:51 AM EST

By AP

AUBURN HILLS, MI – Detroit Pistons owner Karen Davidson says she's cautiously optimistic the sale of the team will be completed soon.

Davidson spoke with The Associated Press at halftime Wednesday night of the Indiana Pacers-Pistons game.

The NBA team and California billionaire Tom Gores have been negotiating exclusively with each other.

Davidson, widow of longtime owner Bill Davidson, has been considering a sale of the team by itself or as part of a package with Palace Sports and Entertainment, which includes The Palace of Auburn Hills, DTE Energy Music Theatre and Meadow Brook Music Festival.

Gores is from Michigan, graduated from Michigan State and lives in California.

Forbes recently valued the Pistons at $360 million.
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