Urgent.News

What's breaking now, across thousands of outlets.

Business

Josh Kushner and Bob Iger reportedly buying Los Angeles Lakers for $12bn

Mark Walter bought team last year for $10bn Iger and Kushner aim to ‘compete at the highest level’ Josh Kushner and Bob Iger are purchasing the Los Angeles Lakers for more than $12bn in a record-breaking deal, ESPN reported on Wednesday , citing sources with knowledge of the deal. Billionaire Mark Walter purchased a majority stake of the NBA team last year from the Buss family in a deal that…

Josh Kushner and Bob Iger reportedly buying Los Angeles Lakers for $12bn

We haven't written up this one. Guardian Business has the full story — the link below goes straight to it.

Read the original at theguardian.com →

More in Business

Tata Group Chairman N Chandrasekaran to step down in February

N Chandrasekaran, the chairman of Tata Group, has said that he will not seek reappointment when his term ends in February.

  • N Chandrasekaran, 63, will not seek reappointment as Tata Group chairman in February
  • Tata Sons board failed to agree on extending his five-year term
  • Resignation highlights governance tensions amid business challenges

More from Wednesday 12 August →