business
Bob Iger, Josh Kushner to buy Lakers in historic $12.5 billion deal
Summary by The Waco Editorial Desk · Byline on the source page: AP via Scripps News Group , as published by KXXV (ABC 25) News
· August 12, 2026
· 1 min read
Photo: KXXV (ABC 25) News · view original
Story provenance No corrections
Summary created by The Waco Editorial Desk — automated, rule-governed Byline on source page AP via Scripps News Group, as published by KXXV (ABC 25) News Original story Read at the source Source published Aug 12, 2026 Indexed here Aug 12, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway The price tag for this deal is substantial, reportedly reaching $12.
A major transaction is underway in the sports world. Businessmen are purchasing a prominent NBA team. 5 billion.
Further information about this sale can be found through news outlets. The team in question is highly valued and was previously purchased for a significant amount. Details about the impending sale and its approval process are available from sources such as The Associated Press and ESPN.
Why this matters
Local business news drives decisions about where to shop, where to invest, and where to apply for jobs. The Waco covers openings, closings, expansions, and economic shifts because each one ripples through the community.
About this story
As published by KXXV (ABC 25) News . The Waco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KXXV (ABC 25) News . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: August 12, 2026 ·
Source: KXXV (ABC 25) News ·
Reading time: 1 min
Frequently asked about this story
What is this story about? A major transaction is underway in the sports world. Businessmen are purchasing a prominent NBA team. The price tag for this deal is substantial, reportedly reaching $12.5 billion. Further…
When was this published? This article was first published on August 12, 2026 by KXXV (ABC 25) News and curated for The Waco readers.
Who reported this story? This story was reported by AP via Scripps News Group at KXXV (ABC 25) News. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Waco, or browse our daily briefing and topic hubs .
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