* Davis Polk & Wardwell advised Mark Walter on an agreement with the Buss Family Trust to acquire a majority stake in the NBA’s Los Angeles Lakers.
* According to preliminary data from the London Stock Exchange Group, global M&A for U.S.-based target companies is down significantly from last year.
* But, deal value has increased 3.8% overall: fewer, bigger deals.
Credit: ShinneProject/Adobe Stock
Owning an elite sports franchise: Good work if you can get it. The NBA’s Los Angeles Lakers are the latest pro sports team to sell for a massive amount of cash, with Mark Walter, CEO of Guggenheim Partners and owner of Major League Baseball's LA Dodgers, taking the lead on purchasing a majority stake in the storied franchise valued at $10 billion.
* Explore the entire Law.com network.
* Enjoy free access to one article from the Law.com network every 30 days\*.
* Subscribe to curated newsletters for the latest updates, analysis, and expert commentary.
* Search across a spectrum of legal topics to find exactly what you’re looking for.
* Set up alerts on any search topics you choose.
Already a part of the community? Sign In Now.
Is one article a month not enough? Subscribe today to unlock premium access to all the in-depth analysis and breaking news on critical legal issues from Law.com.
\*May exclude premium content.