Bob Iger and Josh Kushner buy the LA Lakers for a record-breaking $12.5 billion, up 21% in just the 14 months since Mark Walter bought them | Fortune0

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• August 13, 2026

In 1979, Jerry Buss bought the Lakers and turned professional basketball into a Hollywood production: courtside celebrities, a fast, camera-ready style of play, an arena built to feel like a stage. He called it Showtime, and it worked so well it became the template every league in the world eventually copied. Forty-seven years later, the