India, Aug. 12 -- Josh Kushner and Bob Iger are reportedly leading the unprecedented acquisition of the Los Angeles Lakers, uniting a prominent Silicon Valley investor with a key player in contemporary entertainment.

Investment magnate Josh Kushner and ex-Disney CEO Bob Iger have reached an agreement to buy the Lakers from Mark Walter for over $12 billion, as reported by various sources referenced by ESPN's Ramona Shelburne.

Should the NBA grant approval, this transaction would set a new benchmark for the highest price ever paid for a sports franchise. Additionally, it would signify the second occasion within a year that the Lakers have altered their controlling ownership, following Walter's acquisition of a majority stake from the Buss...