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Josh Kushner and Bob Iger have agreed to acquire the Los Angeles Lakers for $12.5 billion, according to an Aug. 12 Associated Press report. The deal is drawing attention for its record price in U.S. professional sports. 🏀
The acquisition is not complete: it remains subject to approval by the NBA Board of Governors. AP reported the terms through a person familiar with the agreement.
Kushner is founder and CEO of Thrive Capital, a New York-based investment firm whose notable investments include Instagram, Spotify, Stripe and OpenAI. He also cofounded Oscar Health and serves as its vice chairman and director. 💼
The proposed Lakers purchase follows broader NBA ambitions for Kushner and Iger, who had explored a Las Vegas expansion-team bid, the Los Angeles Times reported in June. The next known step is the league’s approval process. 🏟️
https://nutanica.com/Josh_Kushner
The acquisition is not complete: it remains subject to approval by the NBA Board of Governors. AP reported the terms through a person familiar with the agreement.
Kushner is founder and CEO of Thrive Capital, a New York-based investment firm whose notable investments include Instagram, Spotify, Stripe and OpenAI. He also cofounded Oscar Health and serves as its vice chairman and director. 💼
The proposed Lakers purchase follows broader NBA ambitions for Kushner and Iger, who had explored a Las Vegas expansion-team bid, the Los Angeles Times reported in June. The next known step is the league’s approval process. 🏟️
https://nutanica.com/Josh_Kushner
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