Iger and Kushner to Buy Lakers in Record $12.5B Deal

Bob Iger and Joshua Kushner agreed to buy a controlling Lakers stake from Mark Walter, valuing the franchise at roughly $12.5 billion — the highest ever for any sports team, per the Wall Street Journal. Walter's prior purchase price was about $10 billion. The 25% premium reflects rising media rights values and more ultra-wealthy bidders chasing scarce marquee assets.