According to one source with knowledge of the deal who spoke on the condition of anonymity to discuss the agreement, Josh Kushner reached out to Mark Walter on Friday and the deal quickly came together over the weekend. The sale was a coup for Walter as an investor, with the Lakers’ valuation quickly turning from $10 billion to $12.5 billion in just 14 months. Walter, per the source, wasn’t necessarily looking to sell — the offer from Kushner and Bob Iger was just too good to pass up.
This article originally appeared on Hoops Hype: New Lakers owner Josh Kushner first reached out to Mark Walter last Friday about franchise sale
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