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Bob Iger Buys Los Angeles Lakers for $12.5 Billion

18 articles • Started 2 months ago • Last updated 2 months ago

At a Glance · AI-generated

Bob Iger and Joshua Kushner purchased the Los Angeles Lakers for $12.5 billion, marking a record valuation for the NBA franchise and fulfilling Iger's longtime ambition to own a sports team. The deal, announced August 12, saw the buyers acquire the team from Mark Walter's ownership group and the Buss family, representing a 21 percent increase in valuation over the previous 14 months. The transaction concluded by August 17 with the Buss family selling their remaining ownership stake to the new ownership group.

Wednesday, August 12, 2026

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