Buy low, sell high.Mark Cubanjust proved himself a master of that tried-and-true investment mantra.
A pretty sweet deal.
Cuban is also selling at a high point in terms of player personnel.
AP
That has now been confirmed.
Cuban reportedly wanted to partner with The Sands to build an arena, hotel and casino in downtown Dallas.
He owns the Golden Nugget Casinos.)
That deal made MGM Resorts the exclusive official gaming partner of the NBA and WNBA.
In 2021, FanDuel took over those rights.
All of those deals went into effect in 2023.
For Cuban, its at least his second blockbuster asset sale.
In 1999, he sold Broadcast.com to Yahoo for $5.7 billion.
Cuban made the deal at the peak of the dot-com bubble.
At the time, Broadcast.com had about 570,000 users, making the purchase price $10,000 per user.
Cuban sold most of his Yahoo stock that same year, netting over $1 billion.
shut down most of its broadcast services division in 2002 and discontinued Broadcast.com.
