Published 8 months ago

Mark Cuban selling majority stake in Dallas Mavericks, report says

Mark Cuban is selling a majority stake in the Dallas Mavericks to Miriam Adelson and the Adelson family, but he will retain some shares and full control over basketball operations.
Dr. Miriam Adelson plans to sell $2 billion of Sands stock to fund the purchase of the Mavericks, with the Adelson family buying a majority share for $3.5 billion.
The deal values the Mavericks at around $3.5 billion.

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The Guardian

Mark Cuban to reportedly sell majority stake in Dallas Mavericks NBA team

Miriam Adelson’s family, which runs the Las Vegas Sands casino, said they will be selling shares worth $2bn to purchase a teamDallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino, a person with knowledge of the talks said Tuesday night.The agreement would be in the valuation range of $3.5bn and take weeks for the league to process, according to the…

8 months ago·London, United Kingdom

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Associated Press News

Sands casino family says they'll buy majority of Mavs from Cuban. AP source says valuation is $3.5B

The family that runs the Las Vegas Sands casino company says it has entered agreements to buy the majority stake of the Dallas Mavericks from team owner Mark Cuban. The

8 months ago·United States

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USA Today

Mark Cuban may sell a majority stake of the Mavericks but keep control of the team and fans are shocked

Dallas Mavericks chairman Mark Cuban, who originally purchased the franchise for $200, has reportedly sold a significant stake in the team.

8 months ago·United States

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abc News

Mark Cuban working on $3.5B sale of Dallas Mavericks to Sands casino family, AP source says

A person with knowledge of the talks says Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino company

8 months ago·United States

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Washington Times

Mark Cuban working on $3.5 billion sale of majority stake in Dallas Mavericks

Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino, a person with knowledge of the talks said Tuesday night.

8 months ago·United States

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KIFI

Casino magnate to buy majority share of NBA’s Dallas Mavericks from Mark Cuban, reports say

By Kevin Dotson, CNN (CNN) — The owner of a casino empire is preparing to buy a majority share of the NBA’s Dallas Mavericks franchise from billionaire businessman Mark Cuban, according to multiple media reports. The reports come as Las Vegas Sands Corp. informed the Securities and Exchange Commission Tuesday that Dr. Miriam Adelson, the company’s majority shareholder, and the Adelson family trust plans to sell $2 billion of Sands stock “to fund…

8 months ago·Idaho Falls, United States

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