Robert Pera officially becomes Grizzlies' owner

(WMC-TV) - California Technology Tycoon Robert Pera is now officially the owner of the Memphis Grizzlies.

Pera and his group of local investors closed the deal Monday with former owner Michael Heisley for a reported $377 million.

A 3-pronged proposal was also agreed upon to keep the team in Memphis for at least the next 15 years.

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