Mavericks’ $3.5 Billion Sale to Adelson Wins NBA Approval (2)

The NBA approved Mark Cuban’s 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 won clearance Wednesday from the basketball league’s Board of Governors and is expected to close this week, according to a statement. Cuban will keep a minority stake.

The approval puts Adelson, the widow of casino magnate Sheldon Adelson, and Las Vegas Sandsa step closer to their goal of eventually building a casino and arena complex in Dallas. Sands has sought unsuccessfully for years ...