Kushner, Iger, Walter Agree $12.5B Lakers Terms — SkimNews
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- Los Angeles Lakers owner Mark Walter and buyer Josh Kushner agreed on all outstanding sale terms at a $12.5 billion valuation.
- Mark Walter and Josh Kushner met Thursday at Walter’s home in Florida to finalize the transaction; sources said a formal agreement was expected soon.
- NBA review of the signed sale agreement will examine the financing and ownership structure, a process the source says generally takes some time.
- Josh Kushner assured Walter that he had raised all the money necessary to complete the Lakers sale.
- Bob Iger and Kushner reached the agreement with Walter to buy the Lakers at $12.5 billion and spent the past few months working on transaction details.
Why it matters: At the agreed $12.5 billion valuation, Walter has a buyer for the Lakers, while the transaction still needs a formal agreement and NBA review of financing and ownership. The notable detail is that Kushner has assured Walter all necessary money is raised, leaving league scrutiny—not a stated funding shortfall—as the remaining disclosed hurdle.
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