JOURNAL ARTICLE

Mavericks' $3.5 Billion Sale to Adelson Wins NBA Approval.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Fine, Julie 3 of 3

Abstract

The NBA has approved the sale of a majority stake in the Dallas Mavericks to the family of Miriam Adelson, the controlling shareholder of Las Vegas Sands Corp. The $3.5 billion deal is expected to close this week, with Mark Cuban retaining a minority stake. The approval brings Adelson and Las Vegas Sands closer to their goal of building a casino and arena complex in Dallas. The sale represents a significant premium to the team's valuation, but falls short of the highest price ever paid for an NBA team. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/12, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2023
  • Accession Number:174468815
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