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Bob Iger, Josh Kushner buy the Los Angeles Lakers for $12.5 billion, reports say
Summary by The Midland Editorial Desk Dorothy Sedovic , as published by KOSA CBS7 / First Alert 7 (Permian Basin CBS)
· August 12, 2026
· 1 min read
Photo: KOSA CBS7 / First Alert 7 (Permian Basin CBS) · view original
Story provenance No corrections
Summary created by The Midland Editorial Desk — automated, rule-governed Byline on source page Dorothy Sedovic, as published by KOSA CBS7 / First Alert 7 (Permian Basin CBS) 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 Further information on this development can be found through news outlets such as KOSA CBS7 or the Associated Press, which initially reported the sale agreement.
A notable transaction is underway in the sports world. Former Disney CEO Bob Iger and founder of Thrive Capital Josh Kushner are involved in a major purchase. They are buying a prominent NBA team.
The team in question is based in Los Angeles and is considered highly valuable. The previous owner had acquired the team for a significant amount of money just over a year ago. Further information on this development can be found through news outlets such as KOSA CBS7 or the Associated Press, which initially reported the sale agreement.
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About this story
As published by KOSA CBS7 / First Alert 7 (Permian Basin CBS) . The Midland 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 KOSA CBS7 / First Alert 7 (Permian Basin CBS) . Have a tip or correction? Contact our newsroom .
Category: local Published: August 12, 2026 Source: KOSA CBS7 / First Alert 7 (Permian Basin CBS) Reading time: 1 min
Frequently asked about this story
What is this story about? A notable transaction is underway in the sports world. Former Disney CEO Bob Iger and founder of Thrive Capital Josh Kushner are involved in a major purchase. They are buying a prominent NBA team…
When was this published? This article was first published on August 12, 2026 by KOSA CBS7 / First Alert 7 (Permian Basin CBS) and curated for The Midland readers.
Who reported this story? This story was reported by Dorothy Sedovic at KOSA CBS7 / First Alert 7 (Permian Basin CBS). To learn more about how The Midland selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Midland, or browse our daily briefing and topic hubs .
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