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Paul Jacobs joins Sacramento's bid

Updated: March 26, 2013, 12:04 AM ET
Associated Press

SACRAMENTO, Calif. -- Add another investor to the group Sacramento Mayor Kevin Johnson is assembling to keep the Kings from moving to Seattle.

Johnson announced Monday night that Paul Jacobs, CEO of the international technology company Qualcomm, has agreed to become part of the Sacramento bid. Jacobs joins a group that includes billionaire investor Ron Burkle, 24 Hour Fitness founder Mark Mastrov and TIBCO Software CEO Vivek Ranadive.

"A true Dream Team! This Fab Four is a bracket ...

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