Mavericks Owner Mark Cuban Invests In JC Penney

Entrepreneur and billionaire Mark Cuban recently announced on CNBC that he has made an investment in the struggling department store chain, JC Penney, purchasing a million shares of the retailer’s stock.

Cuban is the owner of the NBA’s Dallas Mavericks, Landmark Theatres, and Magnolia Pictures and the chairman of the HDTV cable network AXS TV. He is also known as a “shark” investor on the television series “Shark Tank.”