Josh Kushner and Bob Iger to buy Lakers for record $12.5 billion
Billionaire Mark Walter purchased a majority stake in the NBA team last year in a deal that valued the club at $10 billion.
Venture capitalist Josh Kushner and former Disney CEO Bob Iger are on the verge of acquiring the Los Angeles Lakers for a record-breaking $12.5 billion, according to sources familiar with the deal. The acquisition comes just a year after billionaire Mark Walter purchased a majority stake in the NBA team, valuing it at $10 billion.
However, Walter's financial empire is under federal scrutiny as regulators probe potential connections between investments held by his insurers and affiliated companies. Walter also owns Major League Baseball's Los Angeles Dodgers.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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