More than 16 years after first proposing a cultural institution dedicated to visual storytelling, filmmaker George Lucas and his wife, businesswoman Mellody Hobson, celebrate their long-awaited opening of the Lucas Museum of Narrative Art in Los Angeles on September 20. Huge stars came, including Oprah, Magic Johnson and Sir Lewis Hamilton. #cnn #news
Former Disney CEO Bob Iger and venture capitalist Josh Kushner have purchased the Los Angeles Lakers at a record-shattering $12.5 billion valuation, a deal that closed faster than most people buy a car. The pair unveiled the acquisition Wednesday morning after what Iger described as a 72-hour negotiation sprint. They bought the majority stake from […] The post Bob Iger and Josh Kushner buy the Lakers for a record $12.5 billion — but questions follow the deal appeared first on American Almanac .
Former Disney CEO Bob Iger and venture capitalist Josh Kushner have purchased the Los Angeles Lakers at a record-shattering $12.5 billion valuation, a deal that closed faster than most people buy a car. The pair unveiled the acquisition Wednesday morning after what Iger described as a 72-hour negotiation sprint. They bought the majority stake from Mark Walter, a billionaire whose corporate empire is currently the subject of a federal investigation, and who held the team for barely more than a year before flipping it at a $2.5 billion markup. The deal still requires approval from the NBA's Board of Governors, a process Breitbart noted could take several weeks. That timeline alone should raise eyebrows. Walter took control of the Lakers…Open
By Bill Hansmann The two players, coming from vastly different backgrounds, defied history by becoming great friends in addition to great on-court rivals.