A little more than a year after agreeing to purchase a majority share of the Lakers, Mark Walter is selling the team.

Venture capital founder Joshua Kushner and former Disney CEO Bob Iger acquire Mark Walter's stake in Los Angeles Lakers at valuation of more than $12 billion.

The deal comes less than 1 year after Mark Walter purchased a majority stake from the Buss family for about $10 billion.

The Lakers are once again being sold at a record-breaking valuation. Mark Walter is selling the franchise to Josh Kushner and Bob Iger at a valuation of $12.5 billion, ESPN.com first reported. “Owning ...

The Los Angeles Lakers are being sold to an ownership group led by Josh Kushner and Bob Iger, the businessmen confirmed to NBC News on Wednesday.

Luka Doncic, who committed to the Lakers last offseason by signing a three-year, $165 million extension, released a statement on social media noting the atmospheric changes around the franchise since ...

Throughout his storied career as a media executive, Bob Iger has made repeated attempts to own a major sports franchise.

Joshua Kushner and Bob Iger were eyeing an NBA expansion team bid in Las Vegas but pivoted to buying the Lakers from Mark Walter, who bought a controlling interest in the team last year.

The Los Angeles Lakers have been sold for the second time in a year. What we know about the new owners and the record-breaking deal. (Photo: Adobe Stock) ...

The Los Angeles Lakers are being sold to Bob Iger and Josh Kushner for a record-breaking price of more than $12 billion, according to several reports.