Bob Iger, the former chief executive of Disney, and Josh Kushner, the venture capitalist, are buying the Los Angeles Lakers. Their wives set them up. By Brooks Barnes and Tania Ganguli Brooks Barnes is the chief Hollywood correspondent. Tania Ganguli ...

Walter first bought a minority stake in the Lakers five years ago from the controlling Buss family, before last summer agreeing to up his stake to 85% at a $10 bil

Los Angeles Lakers had been sold for $12 billion. The impending transaction was announced a little more than a year after the last time the franchise changed hands. The profit on the deal for current owner Mark Walter is a cool $2 billion.