Josh Kushner and Bob Iger are buying the Los Angeles Lakers basketball team for a record-breaking price of $12.5 billion, according to people familiar with the matter.
Kushner, managing partner and co-founder at Thrive Capital, and Iger, former chief executive officer of Walt Disney Co. who is also an adviser at Thrive, had been involved in the NBA’s expansion process in Las Vegas but pivoted to make an offer to buy the Lakers from financier Mark Walter, whose sprawling investment empire is under federal investigation. [ESPN reported](https://www.espn.com/nba/story/_/id/49590362/josh-kushner-bob-iger-buy-lakers-12b)earlier on the deal.
Walter, who also owns the Los Angeles ...
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