Adelsons to Buy Stake in NBA’s Dallas Mavericks From Mark Cuban

Miriam Adelson, the widow of casino magnate Sheldon Adelson, is selling $2 billion of stock in Las Vegas Sands Corp. so the family can acquire a majority stake in the Dallas Mavericks NBA franchise from Mark Cuban.

Cuban, a 65-year-old tech billionaire, will continue to own a part of the team, according to a person familiar with the family’s plans. A deal is expected to be announced shortly, said the person, who asked not to be identified because the sale hasn’t been announced publicly.

The purchase puts the franchise’s total valuation at $3.5 billion, the website the ...