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flag Paul Allen's estate sells the Portland Trail Blazers to Tom Dundon's group for over $4 billion.

flag The estate of the late Paul Allen, co-founder of Microsoft and owner of the Portland Trail Blazers, has agreed to sell the NBA team to a group led by Tom Dundon, owner of the Carolina Hurricanes. flag The deal, reportedly worth over $4 billion, is subject to NBA approval and expected to close by the end of the season. flag Proceeds will go to philanthropic efforts as per Allen's will. flag The new owners plan to keep the team in Portland.

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