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Kushner, Iger Agree to Record $12.5B Lakers Deal

8/24/2026

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Story summary
  • Josh Kushner and Disney CEO Bob Iger agreed to buy the Los Angeles Lakers for a record $12.5 billion.
  • Jeanie Buss said her siblings refused to sell their 17.8% Lakers stake, delaying the deal.
  • Kushner must divest an $80 million Miami Heat stake before the Lakers purchase can close.
  • The $12.5 billion sale tops Mark Walter’s 2024 $10 billion Lakers purchase, setting a new record.