Kushner and Iger acquire Los Angeles Lakers for $12.5 billion

Josh Kushner and Bob Iger have finalized the acquisition of the Los Angeles Lakers for $12.5 billion. This purchase represents a 25% increase from the $10 billion paid by Mark Walters just ten months ago. The swift nature of the deal, reportedly completed in under 72 hours, has drawn significant attention within the sports ownership community, prompting reactions of disbelief. Kushner's venture, Thrive Eternal, focuses on investing in unique sports assets and has plans for more investments in the sports industry. The acquisition has stirred discussions about the shifting dynamics in sports ownership and the increasing valuation of iconic franchises.

• 9:29 PMYahoo Sports — Kushner & Iger's $12.5B Steal of the Century