DealsLakers SaleWed, Aug 12, 2026, 6:21 PMNeutral

Bob Iger and Josh Kushner Acquire Lakers for $12.5 Billion

Bob Iger and Josh Kushner have finalized a $12.5 billion deal to purchase the Lakers basketball franchise from Mark Walter, who sold his majority shares after just a year of ownership. This sale, which yields a $2.5 billion profit for Walter, comes amid a US inquiry into his insurance empire.

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