Mark Cuban is selling majority stake in the Dallas Mavericks to the Adelson family
Publishing timestamp: 2023-11-29 12:49:41
Summary
Billionaire Mark Cuban is selling a majority stake in the NBA's Dallas Mavericks to Miriam Adelson and her family. Adelson, the largest shareholder of Las Vegas Sands, is selling $2 billion worth of company stock to buy the sports team. Cuban will still own a stake in the team and run basketball operations. Adelson's family aims to close the deal by the end of the year, subject to NBA approval.
Sentiment: NEUTRAL
Tickers: LVS,
Keywords: dallas, basketball, las vegas sands corp, gambling, breaking news: business, mark cuban, nba, las vegas, sports, business, business news,
Source: https://www.cnbc.com/2023/11/28/miriam-adelson-las-vegas-sands-stock-sale-sports-team.html