Bob Iger and Joshua Kushner Acquire Los Angeles Lakers

The transition marks a significant shift for the team, moving from Walter’s short-lived tenure into the hands of a partnership with deep media and venture capital ties. Iger, who concluded his lengthy second stint as Disney CEO earlier this year, recently joined Kushner’s firm, Thrive Capital.

In a joint statement, the incoming owners expressed their intent to preserve the legacy established by Jerry and Jeanie Buss. While the financial terms were confirmed by sources familiar with the transaction, the deal signals a record-breaking valuation for the franchise. Kushner, brother of Jared Kushner, joins Iger in this venture with a stated commitment to maintaining the Lakers' competitive standing in the league.