Trump's Son-in-law Acquires Lakers for $12.5B
ESPN reported that the Los Angeles Lakers, one of the most successful teams in the NBA, are being acquired by Bob Iger, the former CEO of Disney, and investor Joshua Kushner, in a deal valued at approximately $12.5 billion, setting a record for the purchase price of sports teams. This purchase comes a year after billionaire Mark Walter agreed to buy a majority stake in the team for $10 billion, including control of the club after nearly 46 years of ownership by the Buss family. The Lakers are known for holding the record with 17 championships, and their roster has included legendary players such as Kareem Abdul-Jabbar, Shaquille O'Neal, Kobe Bryant, and LeBron James, the latter of whom recently transferred to the Philadelphia 76ers.
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