Bob Iger and Josh Kushner Buy LA Lakers for Record $12.5 Billion

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Former Disney CEO Bob Iger and Thrive Capital founder Josh Kushner have agreed to acquire the Los Angeles Lakers from Mark Walter for a record $12.5 billion. The deal comes just 14 months after Walter bought the franchise at a $10 billion valuation. The sale is reportedly linked to federal scrutiny surrounding Walter's business interests. Iger and Kushner bring backgrounds in entertainment and venture capital to one of the NBA's most storied franchises. The transition marks the Lakers' second ownership change in little over a year, leaving players including Luka Dončić awaiting details on the road ahead.

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