Mark Walter and Josh Kushner have finalized all outstanding terms of the Los Angeles Lakers sale at a $12.5 billion valuation. According to ESPN, the two met Thursday at Walter’s home in Florida to finalize the remaining details of the transaction. A formal agreement is expected to be signed soon.
Once signed, the deal will be submitted to the NBA for review of the financing and ownership structure.
Kushner has reportedly assured Walter that all necessary funding has been secured. Kushner and former Disney CEO Bob Iger had already reached the initial agreement to purchase the franchise.
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