Iger and Kushner Agree to Buy Lakers in Record $12.5 Billion Deal

Bob Iger and Joshua Kushner agreed to buy a controlling stake in the Los Angeles Lakers from Mark Walter, valuing the franchise at roughly $12.5 billion — the highest valuation ever for any sports team globally, per the Wall Street Journal. Walter acquired the Lakers for approximately $10 billion. The 25% step-up reflects escalating media rights and a growing pool of ultra-wealthy bidders for scarce marquee assets.