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flag Paul Allen's estate sells the Portland Trail Blazers for $3.65 billion to fund philanthropy.

flag The estate of Paul Allen, co-founder of Microsoft, is selling the Portland Trail Blazers NBA franchise, as per his directive to use proceeds for philanthropy. flag The team, purchased by Allen in 1988 for $70 million, is now valued at $3.65 billion. flag The sale process, led by Allen & Company and Hogan Lovells, may last until the 2025-26 season, with the NBA Board of Governors needing to ratify the final agreement. flag The sale will not affect the estate's ownership of the Seattle Seahawks or its stake in the Seattle Sounders.

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