Los Angeles, CA, August 12, 2026 —

A consortium that includes prominent figures Bob Iger and Josh Kushner is reportedly nearing an agreement to purchase the Los Angeles Lakers, according to recent reports. The estimated valuation for the NBA team is said to be around $12.5 billion.

Details surrounding the specifics of the potential deal, including the full composition of the buying group and the precise terms, have not yet been fully disclosed. The Los Angeles Lakers are one of the most storied franchises in the National Basketball Association, with a rich history of championships and star players.

Bob Iger, the current CEO of The Walt Disney Company, has a significant background in media and entertainment. Josh Kushner is a venture capitalist and co-founder of Thrive Capital. Their involvement suggests a significant investment aimed at acquiring one of the NBA’s most valuable assets.

The reported valuation of $12.5 billion would represent a substantial figure in sports franchise sales. Further information regarding the timeline for a potential finalized agreement and the official announcement is anticipated as the situation develops.


Story summarized from the original created by Google News on news.google.com, see more information here.

About The Author