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Billionaire Josh Kushner, Former Disney CEO Bob Iger Buy Los Angeles Lakers For Record $12 Billion, Report Says
Summary by The Los Angeles Editorial Desk Forbes
· August 12, 2026
· 1 min read
Story provenance No corrections
Summary created by The Los Angeles Editorial Desk — automated, rule-governed Published by Forbes Original story Read at the source (via Google News) Source published Aug 12, 2026 Indexed here Aug 12, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway The reported purchase price is a record $12 billion.
A significant transaction has taken place in Los Angeles , involving the city's prominent basketball team. The Los Angeles Lakers have been purchased by billionaire Josh Kushner and former Disney CEO Bob Iger. The reported purchase price is a record $12 billion.
Further details about the acquisition can be found through Forbes, which initially reported the news. Limited information is currently available about the purchase, but it is known that the transaction involves prominent figures in the business world, including a well-known billionaire and a former CEO of a major entertainment company.
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About this story
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For the complete original report, visit Forbes . Have a tip or correction? Contact our newsroom .
Category: local Published: August 12, 2026 Source: Forbes Reading time: 1 min
Frequently asked about this story
What is this story about? A significant transaction has taken place in Los Angeles, involving the city's prominent basketball team. The Los Angeles Lakers have been purchased by billionaire Josh Kushner and former Disney CEO…
When was this published? This article was first published on August 12, 2026 by Forbes and curated for The Los Angeles readers.
Who reported this story? This story was reported by Forbes. To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
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