Lakers Ownership Nears Sale as Owner Seeks Liquidity
Mark Walter is reportedly in talks to sell his stake in the NBA team to a group led by Joshua Kushner and Bob Iger.
Los Angeles Lakers owner Mark Walter is nearing a deal to sell his stake in the NBA franchise, according to reports. The potential sale comes as Walter faces a federal investigation and a need for liquidity.
Joshua Kushner, co-founder of Thrive Capital, and Bob Iger, CEO of The Walt Disney Company, are reportedly leading the group interested in acquiring Walter's stake. The offer is valued at approximately $12.5 billion.
Sources indicate that Walter accepted the offer within 72 hours of its submission, signaling a swift decision-making process driven by his financial circumstances. The terms of the deal are still under negotiation, and details regarding the full composition of the purchasing group and the timeline for closing the transaction remain undisclosed.