Yahoo Finance published this video item, entitled “Mark Cuban to sell stake in Mavericks to Adelson family: Report” – below is their description.
Mark Cuban, longtime, enthusiastic owner of the Dallas Mavericks, has reportedly decided to sell a majority stake in the NBA team to the Adelson family. It comes after Miriam Adelson, announced she will sell $2 billion worth of Las Vegas Sands (LVS) shares in order to purchase a sports team. According to the Associated Press, the deal is valued around $3.5 billion dollars and may take weeks to proceed. Yahoo Finance anchors Brad Smith and Seana Smith break down the latest with this development and what it means for the Mavericks, Cuban, and the Adelson family moving forward.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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