Josh Kushner, a tech investor and 41-year-old member of the Kushner family, moves into greater public view after reaching an agreement with partner Bob Iger to buy the NBA’s Los Angeles Lakers. Multiple outlets report the deal is valued at about $12.5 billion, described as the highest valuation ever for a sports team sale.

The reports say the transaction involves current Lakers owner Mark Walter as the seller. They also frame the purchase as bringing a prominent business partnership—Kushner alongside Iger, a former Disney chief executive—into the sports spotlight. While the outlets emphasize different aspects of the development—one highlighting Kushner’s rise into wider attention and the other stressing the scale of the valuation and the high-profile surnames—the core facts reported are the same: an agreement for the Lakers purchase, the reported $12.5 billion figure, and the parties involved.

At the time of the reporting, the coverage focuses on the terms and profile of those backing the bid, rather than on any detailed immediate operational plans for the franchise.