00:00The Los Angeles Lakers are being sold for a record-breaking $12 billion to an ownership group led by former
00:06Disney CEO Bob Iger and investor Josh Kushner.
00:10The price easily tops the roughly $10 billion paid for the team less than a year ago, underscoring the extraordinary
00:16value being placed on marquee sports franchises.
00:20The blockbuster deal marks a new era for one of basketball's most iconic teams.
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