Bob Iger, Joshua Kushner buy Los Angeles Lakers for $12.5B

Bob Iger and Joshua Kushner have acquired majority ownership of the Los Angeles Lakers from Mark Walter. The transaction was completed at a historic valuation of $12.5 billion, setting a record for the franchise. This purchase follows a period where Iger and Kushner had previously explored NBA expansion opportunities in Las Vegas. The sale marks a significant shift in leadership for the team, diverging from the previously expected ownership path involving Mark Walter and Guggenheim Baseball Management.