The Latest Breaking News from Miriam Adelson

In a surprising move, billionaire Mark Cuban has sold his majority stake in the Dallas Mavericks to the Adelson and Dumont families, who have strong ties t...

Cuban will retain control over Dallas's day-to-day basketball operations despite relinquishing nearly three-fourths of the franchise's equity.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.14%. Stocks on Wednesday relinquished early gains and settled mixed,...

The family that runs the Las Vegas Sands casino company says it has entered agreements to buy the majority stake of the Dallas Mavericks from team owner Mark Cuban

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.40%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.51%. Stocks this morning are moderately higher, with the S&P...

Cuban will still run the team's operations, The Athletic reported.

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While Cuban would sell the team to Miriam Adelson, the widow of casino magnate Sheldon Adelson, he would retain control of basketball operations. The agreement would be in the range of $3.5 billion.