August 12, 2026, 10:53 AMFormer Walt Disney Company CEO Bob Iger and businessman Josh Kushner are purchasing the Los Angeles Lakers for $12 billion, according to ESPN.Iger and Kushner shared a joint statement confirming the purchase to the outlet, and outgoing owner Mark Walter shared a separate statement saying owning the Lakers has been "one of the great honors of my life."This is a developing story. Please check back for updates.Popular ReadsDisney is the parent company of ABC News, "Good Morning America" and ESPN.