{
  "id": 685046,
  "title": "Iger, Kushner to buy Los Angeles Lakers in record $12.5bn deal",
  "url": "https://urgent.news/2026/08/12/iger-kushner-to-buy-los-angeles-lakers-in-record-12-5bn-deal-685046",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T17:58:52.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/iger-kushner-to-buy-los-angeles-lakers-in-record-12-5bn-deal/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Bob Iger and Joshua Kushner are set to acquire the Los Angeles Lakers for a record $12.5 billion. According to CBS News, this deal marks the second time in about a year that the Lakers will be sold to new ownership for a record fee in professional sports.\n\nThe pair confirmed the purchase to CBS LA, with Iger, former Walt Disney Company CEO, and Kushner, founder of venture capital firm Thrive Capital, releasing a joint statement. They expressed their honor in becoming stewards of the Lakers, one of the most iconic sports franchises in the world.\n\nThe sale comes less than a year after Mark Walter purchased a majority stake in the team for about $10 billion from the Buss family, as reported by multiple outlets including BBC World and BBC News. Jeanie Buss, daughter of the late Jerry Buss, retained her position as Lakers governor after the previous sale, but her future role under new ownership is unclear.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 13,
    "also_reported_by": [
      {
        "outlet": "CBC News",
        "title": "Los Angeles Lakers being sold for blockbuster $12.5B deal to businessmen Kushner, Iger: reports",
        "url": "https://urgent.news/2026/08/12/los-angeles-lakers-being-sold-for-blockbuster-12-5b-deal-to",
        "published": "2026-08-12T15:08:10.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Josh Kushner, Bob Iger to buy Los Angeles Lakers for record US$12.5 billion",
        "url": "https://urgent.news/2026/08/12/josh-kushner-bob-iger-to-buy-los-angeles-lakers-for-record-us-12-5",
        "published": "2026-08-12T15:12:00.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "Los Angeles Lakers Sold For Record-Breaking $12 billion To Bob Iger And Josh Kushner",
        "url": "https://urgent.news/2026/08/12/los-angeles-lakers-sold-for-record-breaking-12-billion-to-bob-iger",
        "published": "2026-08-12T15:22:47.000Z"
      },
      {
        "outlet": "Associated Press",
        "title": "A blockbuster $12.5B deal as Josh Kushner and Bob Iger buy the Los Angeles Lakers, AP source says",
        "url": "https://urgent.news/2026/08/12/a-blockbuster-12-5b-deal-as-josh-kushner-and-bob-iger-buy-the-los",
        "published": "2026-08-12T15:23:02.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "Is Josh Kushner a Democrat? All on Jared Kushner brother's political affiliation amid Lakers purchase deal",
        "url": "https://urgent.news/2026/08/12/is-josh-kushner-a-democrat-all-on-jared-kushner-brothers-political",
        "published": "2026-08-12T15:31:36.000Z"
      },
      {
        "outlet": "BBC News",
        "title": "LA Lakers to be sold in record $12.5bn deal",
        "url": "https://urgent.news/2026/08/12/la-lakers-to-be-sold-in-record-12-5bn-deal",
        "published": "2026-08-12T16:11:04.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Los Angeles Lakers to be sold to Bob Iger, Josh Kushner for $12.5 billion",
        "url": "https://urgent.news/2026/08/12/los-angeles-lakers-to-be-sold-to-bob-iger-josh-kushner-for-12-5",
        "published": "2026-08-12T16:51:43.000Z"
      },
      {
        "outlet": "Punch Nigeria",
        "title": "Iger, Kushner to buy Los Angeles Lakers in record $12.5bn deal",
        "url": "https://urgent.news/2026/08/12/iger-kushner-to-buy-los-angeles-lakers-in-record-12-5bn-deal",
        "published": "2026-08-12T17:38:52.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "LA Lakers to be sold in record $12.5bn deal",
        "url": "https://urgent.news/2026/08/12/la-lakers-to-be-sold-in-record-12-5bn-deal-691042",
        "published": "2026-08-12T18:26:59.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "Josh Kushner, Bob Iger, buying Los Angeles Lakers for record $12.5bn",
        "url": "https://urgent.news/2026/08/12/josh-kushner-bob-iger-buying-los-angeles-lakers-for-record-12-5bn",
        "published": "2026-08-12T20:04:24.000Z"
      },
      {
        "outlet": "The Sydney Morning Herald",
        "title": "LA Lakers sold in record $17.7b deal as Trump associate and former Disney chief swoop",
        "url": "https://urgent.news/2026/08/12/la-lakers-sold-in-record-17-7b-deal-as-trump-associate-and-former",
        "published": "2026-08-12T20:11:06.000Z"
      },
      {
        "outlet": "The Age",
        "title": "LA Lakers sold in record $17.7b deal as Trump associate and former Disney chief swoop",
        "url": "https://urgent.news/2026/08/12/la-lakers-sold-in-record-17-7b-deal-as-trump-associate-and-former-701350",
        "published": "2026-08-12T20:11:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}