It’s been only 14 months since Walter agreed to buy the team and 10 months since the NBA’s board of governors approved it.

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

One year after buying a controlling interest in the Los Angeles Lakers from the Buss family, team owner Mark Walter is now selling the historic NBA franchise.

The Los Angeles Lakers have been sold for the second time in as many years with Josh Kushner and Bob Iger purchasing the franchise.

Josh Kushner and Disney CEO Bob Iger are buying Mark Walter's majority stake in the Los Angeles Lakers at a team valuation of $12.5 billion.

Eric Fisher breaks down the Lakers' record $12.5 billion sale to Bob Iger and Joshua Kushner, and what it means for the NBA.