Bob Iger and Josh Kushner announce purchase of the LA Lakers

Former Disney CEO Bob Iger and venture capitalist Josh Kushner have officially stated they are buying the Los Angeles Lakers, with reports indicating a transaction valued at over $12bn following Mark Walter's acquisition last year at a $10bn valuation. Both investors released an official statement expressing honor at the opportunity.

• Bob Iger and Josh Kushner are buying the Los Angeles Lakers.
• Both investors released an official statement expressing honor at the opportunity.
• Josh Kushner and Bob Iger are reportedly buying the Los Angeles Lakers for over $12bn.
• Mark Walter previously purchased a majority stake in the NBA team last year in a deal valuing the club at $10bn.