Saved StoriesCatch upNotificationsSettings
Get Plus

Sign in to baba News

One account across the web, iPhone and Android — your subscription follows it.

or use an email code

By continuing you agree to the terms and privacy policy.

Search stories

Type at least two characters. Results come from every newsroom baba reads.

↑↓ to move · ↵ to open · esc to close

Sign in to baba News

Sign in to keep asking. News Plus removes the daily limit.

or use an email code

By continuing you agree to the terms and privacy policy.

Full coverage· Sports· Updated

Miriam Adelson Sells Stake in Dallas Mavericks for Billions

Israeli-American businesswoman Miriam Adelson has sold her ownership stake in the Dallas Mavericks NBA team to Sivan and Patrick Dumont. The Dumonts, who were already involved with the team, now hold controlling interest.

1 newsroom · 1 language · since

Sign in to baba News

Sign in to save this article and find it on your phone.

or use an email code

By continuing you agree to the terms and privacy policy.

What happened

  1. 01Miriam Adelson sold her ownership stake in the Dallas Mavericks NBA team.
  2. 02Sivan and Patrick Dumont have become the new controlling owners of the Mavericks.
  3. 03The team's valuation is reportedly around $3.5 billion, similar to Adelson's initial purchase.
  4. 04The Dumonts plan a long-term investment, including building a new arena.
  5. 05Mark Cuban still holds a portion of the team's ownership.

Adelson acquired her share about three years ago when the team was valued at $3.5 billion, a figure reportedly similar to the current sale's valuation. The new owners aim to build a new arena and bring championships to Dallas.

Translated and summarized by baba from N12, the latest report. Read N12’s original

The coverage

One newsroom on this story

Who covered it

Coverage from N12 More reports may be added as coverage is matched.