Kushner, Iger Agree to Buy Lakers at $12.5B — SkimNews
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- Mark Walter and Josh Kushner agreed on all outstanding terms of the Lakers sale at a $12.5 billion valuation.
- Walter and Kushner met Thursday at Walter’s home in Florida to finalize the transaction, with the formal agreement expected to be signed soon.
- Kushner assured Walter that he had raised all the money necessary to complete the sale.
- NBA will review the signed agreement, a process that generally takes time as the league examines the deal’s financing and ownership structure.
- Bob Iger reached the buyout agreement with Kushner and Walter to acquire the Lakers at $12.5 billion, with the buyers working through transaction details for the past few months.
Why it matters: The agreed $12.5 billion valuation establishes the financial terms of Walter’s sale to Kushner and Iger. Completion still requires formal execution and NBA review, which examines both financing and ownership structure; Kushner says he has already raised all necessary funds.
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