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Home›US Markets›M&A & Deals›Iger and Joshua Kushner acquire Lakers stake at about…

Iger and Joshua Kushner acquire Lakers stake at about $12.5 billion valuation

The deal values the franchise at more than $12 billion, according to a market source cited by CNBC Markets.

Reported · Written up by our desk · M&A & Deals

Venture capital founder Joshua Kushner and former Disney CEO Bob Iger have acquired Mark Walter's stake in the Los Angeles Lakers, at a valuation of more than $12 billion, CNBC Markets reports.

The purchase places the Lakers at about a $12.5 billion valuation, based on the figure cited by the outlet.

The reports indicate the transaction is structured around acquiring a controlling stake held by Walter, rather than an outright buy of the entire franchise ownership group.

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Sources

CNBC MarketsBob Iger, Joshua Kushner buy Los Angeles Lakers at a $12.5 billion valuation, source says

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