Topline
Billionaire investor Josh Kushner and former Disney CEO Bob Iger reached an agreement to buy the Los Angeles Lakers for more than $12 billion, a record-setting price tag for a sports franchise, ESPN reported Tuesday.
The legacy NBA franchise was transferred from the Buss family last year at a $10 billion valuation.
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Key Facts
Kushner and Iger acquired the Lakers from Mark Walter, who purchased a controlling interest in the team from the Buss family last year at a $10 billion valuation, ESPN reported, citing multiple sources.
This is a developing story.
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