Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
Billionaire Mark Walter purchased a majority stake in the NBA team last year in a deal that valued the club at $10 billion, with the deal only having been ?approved by the board of governors in October.
Walter’s financial empire faces a federal probe, according to reports last month, examining links between investments held by his ?insurers and ?affiliates. Walter is also the owner of Major League Baseball’s Los Angeles Dodgers.
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