10 months ago
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Miriam Adelson’s family, which runs the Las Vegas Sands casino, said they will be selling shares worth $2bn to purchase a team
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.
The agreement would be in the valuation range of $3.5bn and take weeks for the league to process, according to the person, who spoke to the Associated Press on condition of anonymity because details weren’t being made public.
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