Bob Iger and Josh Kushner are buying the Lakers for $12.5 billion

One of Hollywood’s biggest names is making a historic splash for one of Los Angeles most iconic brands.

Former Disney CEO Bob Iger and Thrive Capital founder Josh Kushner are buying the NBA’s Los Angeles Lakers for $12.5 billion, according to a source familiar with the matter.

The NBA’s Board of Governors must sign on the deal. Kushner and Iger confirmed the news in a statement shared with Business Insider. News of the deal was first reported by ESPN.

“As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world,” the pair said. “We have…

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