NewzBusinessmen Josh Kushner and Bob Iger have agreed to purchase the Los Angeles Lakers in a record-breaking $12.5 billion deal, according to an Associated Press source familiar with the terms. The agreement marks the second time the NBA franchise is being sold within a single year.
The transaction represents a historic valuation for a professional sports franchise, though further details regarding the timeline of the sale and the approval process were not provided in the initial reports.
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