14 August 2026 at 2:07 pm
Summary
Joshua Kushner, founder of Thrive Capital, has announced a partnership with former Disney CEO Bob Iger to acquire the Los Angeles Lakers for a record-breaking $12.5 billion, pending NBA approval. This move follows Kushner's successful investments in companies like Instagram, Spotify, and OpenAI, where he made high-conviction bets on founders and long-term potential.
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