Adelson, Dumont families confirm deal to buy majority ownership of Mavericks

The Adelson and Dumont families have entered into binding agreements to acquire majority ownership and the right to serve as Governor of the NBA’s Dallas Mavericks and are targeting a closing of the transaction by year-end, according to a statement emailed to Bloomberg. Yesterday, Las Vegas Sands Corp. announced the commencement of a proposed secondary public offering of $2B of shares of its common stock by Dr. Miriam Adelson and The Miriam Adelson Trust, noting that the company will not receive any proceeds from the sale of the shares by the selling stockholders.