The deal comes less than 1 year after Mark Walter purchased a majority stake from the Buss family for about $10 billion.

Mark Walter sold his majority shares of the Lakers to Bob Iger and Josh Kushner for $12.5 billion, yielding a $2.5 billion profit

The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for a record-breaking price, the second such sale in a year.