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Story summary
- Josh Kushner and Bob Iger agreed to purchase the Los Angeles Lakers for $12.5 billion.
- The $12.5 billion price exceeds the 2025 $10 billion sale, the highest ever for a sports franchise.
- NBA governors must approve the transaction at a September board meeting in New York.
- Mark Walter faces federal investigations for alleged tax fraud at his insurance firms.
- Josh Kushner must sell his Miami Heat stake.
