League: NBA Sport: Basketball Country: United States Category: Transactions

Walter and Kushner finalize $12.5 billion sale of Lakers

3 sources • 1 min read • Latest: Oct 30, 2026, 11:46 PM

Last updated Oct 30, 2026

Walter and Kushner finalize $12.5 billion sale of Lakers

Summary

Mark Walter, owner of the Los Angeles Lakers, and Thrive Capital founder Josh Kushner met on Thursday to finalize terms for the sale of the franchise at a valuation of $12.5 billion. Sources indicate that they are expected to sign the formal agreement soon. This transaction marks a significant moment in Lakers history, highlighting the increasing value of NBA franchises in recent years. Further details are anticipated once the deal is officially confirmed.

Source Links

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Key Details

•Mark Walter and Josh Kushner finalize Lakers sale terms
•Transaction valued at $12.5 billion
•Formal agreement expected to be signed soon
•Reflects rising franchise valuations in the NBA
•Key moment in the history of the Lakers

Latest Updates

11:44 PMESPN — Sources: Walter, Kushner finalize terms of Lakers sale at $12.5B valuation
11:26 PMYahoo Sports — Mark Walter, Josh Kushner have agreed on all outstanding terms of the sale of Lakers at $12.5 billion evaluation

What they're saying

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Lakers owner Mark Walter and Thrive Capital founder Josh Kushner met Thursday to finalize the transaction and are expected to sign the formal agreement soon, sources told ESPN.
— ESPNby Ramona Shelburne