Iger and Kushner acquire Lakers for 12.5B
Eiger and Kushner announced plans to acquire the Los Angeles Lakers basketball team in a record-breaking deal worth $12.5 billion, the largest in the club’s history. This comes less than a year after Mark Walter’s acquisition of a majority stake in the team, estimated at $10 billion, reflecting a 25% increase in the club’s valuation and highlighting the rapid growth in the valuations of American sports teams and related broadcast and media rights. The deal is still subject to approval by the NBA Board of Governors and the completion of legal due diligence. Eiger and Kushner expressed pride in leading the Lakers and continuing the club’s legacy. The deal received a warm welcome from Lakers legend Magic Johnson and aligns with their broader sports investment expansion strategy, as Eiger brings extensive experience in the media and sports sectors.
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