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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 valued at a reported $12.5 billion."I want to congratulate my good friend Bob Iger and Josh Kushner on their purchase of the Los Angeles Lakers!"
Former Disney chief Bob Iger and investor Josh Kushner are buying the NBA team.
The Los Angeles Lakers is to be sold for a reported record $12.5bn - less than a year after Mark Walter took a majority stake in the NBA franchise.
The deal comes less than 1 year after Mark Walter purchased a majority stake from the Buss family for about $10 billion.
The Los Angeles Lakers are being sold to an ownership group led by Josh Kushner and Bob Iger, the businessmen confirmed to NBC News on Wednesday.
It's a surprise deal.
