Event
Mark Walter has sold his controlling stake in the Los Angeles Lakers to venture capitalist Josh Kushner and former Disney CEO Bob Iger for a $12.5 billion valuation. The sale, approved by the NBA board of governors, marks a rapid turnover for the franchise, which Walter acquired for $10 billion in October 2025. The transaction has shocked league executives and agents, with speculation linking Walter's quick sale to a federal investigation into his company, TWG Global. Iger and Kushner intend to retain Jeanie Buss and general manager Rob Pelinka for the foreseeable future.
2 published stories · los-angeles-lakers · source reliability 67%
The Los Angeles Lakers have been acquired by venture capitalist Josh Kushner and former Disney CEO Bob Iger, a move that has triggered speculation regarding the previous owner’s involvement in a federal investigation.
Background
Mark Walter has sold his controlling stake in the Los Angeles Lakers to venture capitalist Josh Kushner and former Disney CEO Bob Iger for a $12.5 billion valuation. The sale, approved by the NBA board of governors, marks a rapid turnover for the franchise, which Walter acquired
Fact cards
Key entities: Los Angeles Lakers, Josh Kushner, Bob Iger, Mark Walter, NBA, Jeanie Buss, Rob Pelinka, Luka Doncic.
ESPN | https://www.espn.com/nba/story/_/id/49599895/los-angeles-lakers-sold-125-billion-valuation-nba-execs-agents-reaction-walter-kushner-iger-luka | published 2026-08-13T17:17:25.000Z | primary source | CBS Sports | https://www.cbssports.com/nba/news/three-big-questions-shockin