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NBA approves sale of majority stake of Mavericks

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DALLAS -- The NBA on Wednesday approved the sale of controlling interest of the Dallas Mavericks from Mark Cuban to the families that run the Las Vegas Sands casino company.

The deal was approved just shy of a month after the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is at a valuation in excess of $4 billion, sources told ESPN's Tim MacMahon on Wednesday.