Billionaire Josh Kushner, Former Disney CEO Bob Iger Buy Los Angeles Lakers For Record $12 Billion, Report Says Ty Roush is a breaking news reporter based in New York City.Aug 12, 2026, 10:27am EDTToplineBillionaire investor Josh Kushner and former Disney CEO Bob Iger reached an agreement to buy the Los Angeles Lakers for more than $12 billion, a record-setting price tag for a sports franchise, ESPN reported Tuesday.The legacy NBA franchise was transferred from the Buss family last year at a $10 billion valuation. Getty ImagesKey FactsKushner and Iger acquired the Lakers from Mark Walter, who purchased a controlling interest in the team from the Buss family last year at a $10 billion valuation, ESPN reported, citing multiple sources.This is a developing story.LOADING VIDEO PLAYER...FORBES’ FEATURED Video