A major transaction is underway in Los Angeles. Businessmen have reached an agreement to purchase the city's NBA team. The price tag for this deal is substantial, reportedly a record-breaking amount.
The team's new owners are said to be well-known figures in the business world. Further information about the sale can be found through news outlets.
Details of the agreement are not fully disclosed, but the amount is said to be $12.5 billion, according to a person with knowledge of the terms.
Recent coverage curated from local and regional sources.
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