Los Angeles Lakers

Thrive Capital founder Josh Kushner and former Walt Disney CEO Bob Iger have agreed to buy control of the Los Angeles Lakers franchise. Deal values the Lakers at $12.5 billion, up from $10 billion valuation a year prior when Mark Walter purchased controlling stake. Kushner and Iger are purchasing Walter's stake (>70% ownership), meaning they are spending at least $8.75 billion. Other investors likely joining the ownership group. NBA board approval still required.