Mark Walter, Josh Kushner agree on outstanding terms linked to $12.5-billion Lakers sale

Los Angeles Lakers owner Mark Walter and Josh Kushner of Thrive Capital have agreed to all outstanding terms regarding the sale of the franchise. The transaction values the NBA team at a record $12.5 billion. While the agreement has been reached, it still must be formally signed and approved by the NBA Board of Governors to become official.

Kushner, partnered with former Disney chief executive Bob Iger, assured Walter that the funds are secured to complete the transaction. Walter previously acquired a majority stake in the Lakers in 2025 at a $10 billion valuation from the Buss family. Meanwhile, Walter is reportedly facing a federal loan investigation involving his holding company, TWG Global.