New Delhi, Oct. 31 -- Mark Walter, a billionaire investor has acquired a majority stake in the Los Angeles Lakers n a landmark move for the NBA, gaining unanimous approval from the league's Board of Governors. The deal solidifies Walter's position as one of the most influential figures in global sports ownership, partnering with Jeanie Buss to steer the franchise into its next chapter of excellence.

Mark Walter serves as Chairman and CEO of TWG Global, a powerhouse holding company spanning financial services, AI technologies, sports, media, and entertainment. With a track record of transforming businesses, Walter has built an empire that identifies untapped potential and drives explosive growth. His entry into Lakers ownership follows ye...