Los Angeles Lakers Sale Terms Finalized At $12.5B Valuation

(Los Angeles, CA) — The sale of the Los Angeles Lakers is moving closer to completion at a 12-and-a-half-billion-dollar valuation. ESPN reports current owner Mark Walter and Thrive Capital founder Josh Kushner finalized all outstanding terms Thursday in Florida. The two sides are expected to sign a formal agreement soon before submitting the deal for NBA approval. Kushner has reportedly secured the funding necessary to complete the purchase. He and former Disney CEO Bob Iger reached the initial agreement with Walter months ago and have since been working through the remaining details.

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