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Josh Kushner and Bob Iger buy LA Lakers for $12.5B

Josh Kushner, co-founder of Thrive Capital and brother of Jared Kushner, has partnered with former Disney CEO Bob Iger to purchase the Los Angeles Lakers. The deal, valued at $12.5 billion, represents the highest valuation ever for a sports team sale. This acquisition follows Kushner's unsuccessful attempt to invest in future World Cup profits. AI

IMPACT Minimal direct impact on AI operations; highlights tech investors' diversification into sports.

RANK_REASON Major sports team acquisition by prominent figures in tech and media. [lever_c_demoted from significant: ic=1 ai=0.1]

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Josh Kushner and Bob Iger buy LA Lakers for $12.5B

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Greg Beacham, The Associated Press ·

    41-year-old Josh Kushner’s World Cup privatization scheme fell apart. Then he became the Lakers co-owner days later

    Kushner's surname is among the most politically weighted in the world, but Kushner and wife Karlie Kloss both say they don't have conservative beliefs.