https://www.espn.com/nba/story/_/id/50287529/los-angeles-lakers-sale-mark-walter-iger-kushner-luka
WALTER WAS ON a ranch with spotty cellphone service on Aug. 9, when he got a call from a friend, asking whether he'd consider selling the Lakers, according to three sources with knowledge of his whereabouts and thinking.
The first conversation was short. The Lakers weren't for sale, Walter told his friend, who relayed the message to Kushner and Iger. But the two businessmen had reason to persevere in their efforts.
Two days earlier, on Aug. 7, they had called a well-connected financial industry source who was close enough to Walter to suggest he might be looking to restructure some of his business assets amid federal investigations of alleged fraud within his sprawling $365 billion financial empire, according to multiple sources with knowledge of the conversations.
They figured it was worth dropping a line in the water, baiting the hook at a number that would make him think about it.
The only catch was they needed an answer within 24 hours. There was no time for a long negotiation or intermediaries.
Kushner made the next call to Walter, according to multiple sources with knowledge of the negotiation, and Kushner offered to buy Walter's shares at a $12.5 billion valuation -- a 25% increase in 14 months.
It was the kind of staggering "Godfather offer" Walter had presented to Jeanie Buss when he convinced her to sell him the majority of her family's shares a year earlier.
Walter decided to cut short his weekend trip and get to a place with better cellphone reception. They had his attention.”