Josh Kushner and Bob Iger to acquire Los Angeles Lakers for record $12.5 billion

On August 12, 2026, venture capitalist Josh Kushner and former Disney CEO Bob Iger reached an agreement to acquire the Los Angeles Lakers franchise. While some reports cite a valuation exceeding $12 billion, other sources specify the deal is worth $12.5 billion. The buyers are purchasing the team from billionaire Mark Walter, who had only secured his majority stake last year in a deal valued at $10 billion.

Kushner and Iger, who previously pursued NBA expansion efforts in Las Vegas, officially announced their commitment to building upon the legacy established by the Buss family. This transaction marks a significant milestone in global sports history, setting a new valuation benchmark for professional franchises. The acquisition comes amidst ongoing federal scrutiny involving Mark Walter’s investment firms and his broader business empire, which includes the Los Angeles Dodgers.

In a joint statement, the incoming owners expressed their deep respect for the vision of Jerry and Jeanie Buss. They emphasized their long-term dedication to maintaining the Lakers' competitive standing and serving the Los Angeles community.