NBA’s Los Angeles Lakers to be sold for US$12.5 billion—reports
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August 12, 2026
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WASHINGTON, United States(AFP)—The Los Angeles Lakers — one of the most successful teams in NBA history — are being sold to former Disney CEO Bob Iger and investor Joshua Kushner in a deal valuing the team at $12.5 billion, ESPN reported Wednesday.
The sale, which would mark a record-breaking price, comes only about a year after billionaire Mark Walter agreed to buy a controlling interest in the team in a then-record $10 billion deal.
Kushner is the brother of Jared Kushner, US President Donald Trump’s son-in-law.
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