HomeMarket NewsAdelson Family Ready to Take Over Dallas Mavericks

Adelson Family Ready to Take Over Dallas Mavericks

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The widow of casino magnate Sheldon Adelson, Miriam Adelson, intends to sell $2 billion of shares in Las Vegas Sands (NYSE:LVS) to claim a majority stake in the Dallas Mavericks NBA team from billionaire Mark Cuban.

Renowned as a tech billionaire and for his role on ABC’s β€œShark Tank” entrepreneur show, Cuban has pledged to retain a share in the NBA franchise, according to reports on Tuesday, including Bloomberg. An official announcement about the deal is imminent.

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