Joshua Kushner, founder of Thrive Capital (L), and Bob Iger during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Friday, July 10, 2026.
Getty Images (L) | CNBC (R)
The Los Angeles Lakers have sold — again.
Less than a year after buying a controlling ownership stake in the NBA’s Lakers, Mark Walter has sold his majority equity to Joshua Kushner and Bob Iger, according to a statement.
The deal values the team at $12.5 billion, according to a person familiar with the matter, who was not authorized to speak publicly about the terms of the sale.
“As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world,” Iger and Kushner said in a joint statement Wednesday. “We have immense respect for the leadership and vision of Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at…
