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Home›US Markets›M&A & Deals›Lakers sale accelerates after $12.5 billion offer amid…

Lakers sale accelerates after $12.5 billion offer amid liquidity pressure

The deal followed a federal investigation and a liquidity crunch, with Mark Walter agreeing within 72 hours of receiving the offer.

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

WSJ Markets reports that Mark Walter, the Lakers owner, faced both a federal investigation and a liquidity crunch and needed cash quickly.

According to the outlet, an unexpected offer arrived, valuing the team at $12.5 billion, from Joshua Kushner and Bob Iger.

WSJ Markets says Walter accepted the offer just 72 hours after it came in, moving the process forward rapidly.

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Sources

WSJ MarketsThe Lakers’ Owner Needed Cash. Then Came a $12.5 Billion Offer to Buy the Team.

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