7 Hrs
Source:
Los Angeles Times
Josh Kushner Acquires LA Lakers
Josh Kushner, a venture capitalist and founder of Thrive Capital, partnered with Bob Iger to acquire the Los Angeles Lakers in a $12.5 billion deal, marking the highest price ever paid for a sports franchise. Kushner, known for his investments in companies like OpenAI and Instagram, entered the sports ownership scene amid his rising business success and a background rooted in family real estate wealth. The deal was finalized quickly to avoid bidding competition, thrusting Kushner into the media spotlight.
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