Mark Walter sells Lakers to Kushner and Iger, retains Dodgers and Sparks

Mark Walter has sold the Los Angeles Lakers to Josh Kushner and Bob Iger for over $12 billion, just months after acquiring the team. The sale marks a significant financial milestone in the NBA. Sources indicate that Walter will retain ownership of the Los Angeles Dodgers, which he purchased for $2.15 billion in 2012, as well as the Sparks, bought in 2014. The decision to sell the Lakers raises questions regarding Walters' future with the other franchises, but reports clarify that the Dodgers and Sparks will not be part of this transaction.

• 3:06 PMYahoo Sports — Is Mark Walter selling the Dodgers and Sparks along with Lakers?