Acquiring Company
Thrive Capital
Acquired Company
Los Angeles Lakers
Los AngelesAtlantaFinanceVenture CapitalAngel InvestmentSportsDescription
Josh Kushner and Bob Iger have partnered to acquire the Los Angeles Lakers from Mark Walter for a record $12.5 billion. This marks the highest valuation ever for a sports franchise sale. The deal was finalized in just three days, showcasing the urgency and excitement around the acquisition. Both new owners are looking to make an impact, despite their limited experience with the Lakers.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Los Angeles Lakers?
Los Angeles Lakers was acquired by Thrive Capital, based in Los Angeles. The deal was reported on August 14, 2026. Thrive Capital is a venture capital firm founded by Josh Kushner in 2009. The firm has made significant investments in various technology companies, including OpenAI and SpaceX. Thrive Capital is privately held and operates in Finance.
When did Thrive Capital acquire Los Angeles Lakers?
Thrive Capital's acquisition of Los Angeles Lakers was reported on August 14, 2026. Josh Kushner and Bob Iger have partnered to acquire the Los Angeles Lakers from Mark Walter for a record $12.5 billion. This marks the highest valuation ever for a sports franchise sale. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Los Angeles Lakers do?
The Los Angeles Lakers are a professional basketball team based in Los Angeles. They are one of the most successful teams in NBA history, with a rich legacy and numerous championships. It is privately held, operating in Sports, and is based in Atlanta.