Los Angeles Lakers Sold to Multiple Buyers at Record $12.5 Billion Valuation, Sparking Reg
-
The Los Angeles Lakers are being sold by Mark Walter to Josh Kushner and Bob Iger at a record $12.5 billion valuation as Walter’s business empire seeks to raise cash through asset sales and restructurings. Getty Images
Compare 1 other version
ZeroHedgeLast week, Walter agreed to sell the Los Angeles Lakers to Josh Kushner and Bob Iger for a record $12.5 billion.
-
Bloomberg reported Monday that Walter has explored selling his stake in Chelsea FC to Clearlake Capital, the London football club's majority owner. The report is based on information from people familiar with the matter and has yet to be officially confirmed.
Compare 1 other version
Financial TimesChelsea shareholders Walter and Boehly in talks to sell stakes to Clearlake Negotiations come amid clashes over strategy and as Walter’s business empire faces scrutiny from regulators
-
The billionaire threatening to upend Wall Street Mark Walter’s much-copied strategy of leveraging insurers to build an empire has drawn regulatory scrutiny
Compare 2 other versions
New York Post BusinessWalter is facing federal scrutiny over financial ties between insurers he controls and other businesses in his sprawling empire. Timon - stock.adobe.com
FortuneUS federal investigators probing Mark Walter are focused on four entities that acted as intermediaries for loans issued by the Guggenheim Partners chief executive’s insurance companies to other companies also within his business empire, the Wall Street Journal reported.
4 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
-
01 Bloomberg Walter Rushes Makeover as DOJ Probes His Empire The CEO of Guggenheim Partners and owner of the LA Dodgers flipped the Lakers within a year and has explored other steps to pay down loans from his insurers. Bloomberg's Sridhar Natarajan joins to discuss. (Source: Bloomberg)
-
02 ZeroHedge Yahoo Sports reporter Jack Baer said last week, "Mark Walter is reportedly facing a cash crunch."
-
03 New York Post Business Wall Street giants Apollo, KKR and Brookfield later built large insurance operations of their own, using those balance sheets to finance private-credit investments. Private capital firms now manage more than $1 trillion in insurance assets, according to the FT.
-
04 Fortune The investigators have narrowed their focus to Miami-based ABS Capital, investment firm Amistad Financial, commercial real estate broker Bradford Allen and Hudson Trading, the Wall Street Journal said.
Fact Corroboration
Which sources independently confirm the same facts. Hover a claim to see its sources, or a source to see what it corroborates.
Coverage by Perspective
Source Similarity
Connections show how similarly each outlet covered this story. Thicker lines = more similar framing.
Sources (5)
- nypost-biz
- ft
- zerohedge
- bloomberg
- fortune