Ivanka Trump's brother-in-law is the new owner of the Lakers

The Los Angeles Lakers are changing hands again, and this time the price tag is even bigger. Former Disney CEO Bob Iger and venture capitalist Josh Kushner have agreed to acquire the Lakers from Mark Walter in a deal valuing the storied NBA franchise at approximately $12.5 billion, according to multiple reports published Wednesday, Aug. 12. The transaction is not yet final and still requires approval from the NBA Board of Governors. The blockbuster agreement comes less than a year after Walter officially became the Lakers' majority owner. In October 2025, the NBA unanimously approved Walter's . . .