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Former Disney CEO Bob Iger, venture capitalist Josh Kushner buy LA Lakers

Former Disney CEO Bob Iger, venture capitalist Josh Kushner buy LA Lakers

Summary

Bob Iger, who used to be the boss of Disney, and investor Josh Kushner have agreed to buy the Los Angeles Lakers basketball team. The deal is reported to be worth $12.5 billion, a record amount.

Key Facts

  • Bob Iger is the former CEO of Disney.
  • Josh Kushner is an investor and the brother of Jared Kushner, President Donald Trump's son-in-law.
  • They have agreed to buy the Los Angeles Lakers.
  • The purchase price is $12.5 billion.
  • This is a record amount for buying a sports team.
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