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$12.5 billion is the implied franchise valuation at which Bob Iger and Joshua Kushner are acquiring Mark Walter's stake in the Los Angeles Lakers, a source familiar with the transaction says.
The source put the figure at more than $12 billion; the reported number is $12.5 billion.
What the valuation covers The $12.5 billion reflects an implied value for the Los Angeles Lakers as a franchise, established by the price at which Walter's stake is changing hands.
The source does not report the size of Walter's interest, which means the cash consideration cannot be derived from available disclosures. No per-unit price on the equity being sold has been reported.
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