Iger and Kushner reach deal to buy Lakers from Walter
Yahoo Sports • 1 min read • Latest: Aug 13, 2026, 5:59 AM
Last updated Aug 13, 2026
Bob Iger confirmed that he and Josh Kushner reached an agreement to purchase a majority stake in the Los Angeles Lakers from Mark Walter. The deal, valued at approximately $12.5 billion, was finalized in just three days after the duo initially pursued an expansion franchise in Las Vegas. Walter’s decision to sell his stake surprised many, as he acquired it only last October. Jeanie Buss will continue as the team's governor, a position she has held since the Buss family's ownership transition. League approval is needed for the sale to become official, which may take several weeks.
- •Iger and Kushner are buying majority share in Lakers from Walter.
- •The sale agreement was finalized in three days.
- •Deal is valued at about $12.5 billion.
- •Jeanie Buss will remain as the Lakers' governor.
- •League approval of the sale is expected in the coming weeks.
- 5:59 AMYahoo Sports — Iger: Agreement to purchase Lakers 'came together in three days'
"Incoming Lakers co-owner Bob Iger said the agreement to purchase a majority share of the team from Mark Walter was put together rather quickly.
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