Acquiring Company
Thrive Capital
Acquired Company
Los Angeles Lakers
Los AngelesAtlantaFinanceVenture CapitalAngel InvestmentSportsDescription
Thrive Capital, led by Joshua Kushner, has acquired a majority stake in the Los Angeles Lakers after the Buss family relinquished control. This marks a significant shift in ownership for the celebrated franchise, which previously dominated under family ownership for over 45 years. The rapid increase in private equity investments in sports teams highlights their growing appeal as lucrative financial assets.
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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 23, 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 23, 2026. Thrive Capital, led by Joshua Kushner, has acquired a majority stake in the Los Angeles Lakers after the Buss family relinquished control. 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.
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