Mark Cuban sells majority stake in Dallas Mavericks at $3.5 billion valuation
On November 29th, according to The Athletic reporter Shams Charania, Mark Cuban will sell the majority of the Dallas Mavericks to Miriam Adelson and the Adelson family, a casino industry tycoon, for an estimated value of $3.5 billion. As one of the most unique transactions in NBA history, Cuban will retain partial ownership of the team and control over the team's basketball operations. Previously, Mark Cuban bought the Dallas Mavericks for $285 million in 2000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZA Miner Introduces Free Cloud Mining Platform for Bitcoin and Dogecoin
ZA Miner, a UK-based cloud mining provider, has officially launched a new platform to make cryptocurrency mining more accessible to a broader audience.
OSC Warns of Surge in AI-Driven Crypto Scams as Canadian Fraud Losses Climb to $640 Million
According to the Globe and Mail report, the Ontario Securities Commission (OSC) is raising red flags over a sharp rise in cryptocurrency fraud across Canada, as scammers now weaponize artificial intelligence to swindle unsuspecting investors.
Arkansas City Planning Commission Rejects Crypto Mining Proposal Amid Strong Community Backlash
The Vilonia Planning Commission has unanimously turned down a proposed cryptocurrency mining facility within city limits, following weeks of vocal opposition from residents.
Bitcoin Climbs to $94,000 Driving Market Above $3 Trillion
Trending news
MoreCrypto prices
More
