"Mark Cuban Transfers Majority Stake in Dallas Mavericks to Adelson Family"

Mark Cuban, owner of the Dallas Mavericks, has agreed to sell a majority stake in the NBA team to the family of Miriam Adelson, widow of GOP donor Sheldon Adelson. The prospective new owners, the Adelson and Dumont families, have entered into binding purchase agreements. The terms of the sale, estimated at $3.5 billion, have not been disclosed. The transaction is expected to close by year-end, pending customary closing conditions and NBA Board of Governors' approval. The Dallas Mavericks, valued at approximately $4.5 billion, are one of the league's most valuable franchises.