Mark Walter bought team last year for $10bn
Iger and Kushner aim to ‘compete at the highest level’
Josh Kushner and Bob Iger are purchasing the Los Angeles Lakers for more than $12.5bn in a record-breaking deal, ESPN reported on Wednesday, citing sources with knowledge of the deal.
Billionaire Mark Walter purchased a majority stake of the NBA team last year from the Buss family in a deal that valued the club at $10bn, with the deal only having been approved by the board of governors in October.
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