Mark Cuban sells majority stake in the Dallas Mavericks for a valuation of $3.5 billion

ChainCatcher news, according to The Athletic reporter Shams Charania, Mark Cuban is selling the majority stake of the Dallas Mavericks to Miriam Adelson and the Adelson family, valued at approximately $3.5 billion. As one of the most unique transactions in NBA history, Cuban retains a portion of the team's shares and control over the team's basketball operations.

Previously, Mark Cuban purchased the Dallas Mavericks in 2000 for $285 million.