Adelsons to Buy Stake in NBA’s Dallas Mavericks From Mark Cuban
- Purchase puts franchise’s total valuation at $3.5B: Athletic
- Billionaire Cuban said to continue to own a part of team
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Miriam Adelson, the widow of casino magnate Sheldon Adelson, is selling $2 billion of stock in Las Vegas Sands Corp. so the family can acquire a majority stake in the Dallas Mavericks NBA franchise from Mark Cuban.
Cuban, a 65-year-old tech billionaire, will continue to own a part of the team, according to a person familiar with the family’s plans. A deal is expected to be announced shortly, said the person, who asked not to be identified because the sale hasn’t been announced publicly.