World
Josh Kushner and Bob Iger Purchase Los Angeles Lakers for Over $12 Billion
Bob Iger and Josh Kushner reportedly complete the purchase of the Los Angeles Lakers at a $12.5 billion valuation, previously owned by Mark Walter.
Joshua Kushner and Bob Iger are reportedly acquiring the Los Angeles Lakers for a record-breaking valuation of over $12 billion, according to multiple sources, including ESPN and CNBC. The transaction involves the purchase of the majority stake previously held by Mark Walter, who acquired it last year for $10 billion from the Buss family.
The deal represents a significant spike in the valuation of the Lakers, reflecting the team's prominent position within the NBA. Reports indicate that this acquisition will allow Iger and Kushner to invest further in the team's competitiveness.
Mark Walter's acquisition of the team last year was valued at $10 billion, with approval from the board of governors. The recent negotiation for a higher valuation suggests a growing market interest in NBA franchises.
Both Iger, a former Disney CEO, and Kushner, known for his venture capital background, aim to