Tech investor Vinod Khosla is poised to acquire the NFL's Seattle Seahawks for $9.6 billion from the estate of Microsoft co-founder Paul G. Allen.

The Khosla family ownership group, including Vinod Khosla, has entered into a formal agreement to purchase the defending Super Bowl champion Seattle Seahawks.

The Seattle Seahawks will be sold to billionaire Vinod Khosla. The Sun Microsystems co-founder will buy the team from Paul Allen's estate.