Reports indicate that Bob Iger and Joshua Kushner are set to purchase the Los Angeles Lakers basketball team. The acquisition is valued at $12.5 billion, according to multiple sources.
The reported sale comes approximately one year after Mark Walter acquired the team. Sources also clarify that Walter has no current plans to sell the Los Angeles Dodgers baseball team.
News of the transaction has been reported by outlets including The Athletic, The New York Times, ESPN, and CNBC. This is a developing story and will be updated as details emerge.
