Lakers sold at $12.5 billion valuation: NBA execs, agents react

Lakers sold at $12.5 billion valuation: NBA execs, agents react

The Los Angeles Lakers are changing hands for the second time in just over a year, with a group led by former Disney chief executive 247wallst.com and venture capitalist sports.yahoo.com agreeing to buy the franchise at a record $12.5 billion valuation. The transaction was negotiated over a long weekend, with Iger and Kushner first approaching … Read more