洛杉矶湖人队或以120亿美元出售，买家为库什纳与艾格

LIVE FROM BLOOMBERG'S WORLD HEADQUARTERS IN NEW YORK CITY, WE ARE TRACKING THE KEY PLAYERS, THE MAJOR MOVES, AND THE CAPITAL FLOWS SHAPING GLOBAL MARKETS. THIS IS "BLOOMBERG DEALS."

WELCOME TO ANOTHER EPISODE OF BLOOMBERG DEALS, THE ONLY SHOW DEDICATED TO THE CORPORATE ACTION RESHAPING MARKETS. ROMAINE BOSTICK IN FOR DANI BURGER. TODAY, SOME BIG ONES, THE L.A. LAKERS REPORTEDLY BEING SOLD FOR MORE THAN $12 BILLION AND THE BUYERS, JOSH KUSHNER AND BOB IGER. MORE ON THAT AND JUST A MOMENT. WE WILL CATCH UP WITH THE PRESIDENT OVER AT ANCORA ALTERNATIVES AS HE UNVEILS A NEW PLAN IN HIS FIGHT. AND ALEX COOPER GETTING BACKING FROM A MAJOR HOLLYWOOD INVESTOR, WHY THE CALL HER DADDY PARENT COMPANY MIGHT NOW BE VALUED AT HALF $1 BILLION.

BLOOMBERG SENIOR SPORTS REPORTER RANDALL WILLIAMS HAS BEEN COVERING THIS STORY. A $12 BILLION DEAL SAID TO BE IN THE WORKS FOR BOB IGER AND COMPANY TO TAKE CONTROL OF THIS FRANCHISE. WHAT DO WE KNOW? RANDALL: IT'S A SHOCKING DEAL TO SAY THE LEAST. MARK WALTER BOUGHT THE TEAM FOR $10 BILLION A YEAR AGO. TO SEE THAT FLIPPED FOR $12.5 BILLION IS THE SHOCK. BOB IGER AND JOSH KUSHNER ARE SOON TO BE THE OWNERS OF THE LOS ANGELES LAKERS IF THE NBA BOARD OF GOVERNORS APPROVES THE DEAL.

ROMAINE: THAT GETS TO THE QUESTION, WILL THEY? WHAT IS THE TRANSACTIONAL VALUE HERE? I WAS UNDER THE IMPRESSION THAT KUSHNER AND HIS FOLKS WERE LOOKING MORE AT AN EXPANSION TEAM. WHY THE PIVOT? RANDALL: IT'S MY UNDERSTANDING THAT THEY WERE WELL INTO THE EXPANSION BIDDING PROCESS AND THE NUMBERS WERE JUST GETTING HIGH, I'VE BEEN TOLD. SO BEFORE THEY CONTINUED ON WITH THEIR JOURNEY OF OWNING THE POTENTIAL NBA EXPANSION TEAM IN LAS VEGAS, THEY ASKED AROUND TO SEE WHAT WAS AVAILABLE FOR SALE AND I DON'T BELIEVE MARK WALTER REALLY HAD ANY INTENTION OF SELLING BUT WHEN YOU ADD $2.5 BILLION, THAT IS MORE THAN LIKE A REVENUE I WOULD IMAGINE FOR THIS SEASON ALONE, YOU ADD THAT ONTO A TRANSACTION, THAT WAS SIMPLY $10 BILLION LAST YEAR AND IF I WAS MARK WALTER I WOULD HAVE SAID YES ALSO.

ROMAINE: DO WE HAVE ANY SENSE OF WHAT THE FINANCING WILL LOOK LIKE FOR THIS? THIS ISN'T ALL JUST COMING OUT OF THE POCKET OF THRIVE AND BOB IGER, I WOULD ASSUME. RANDALL: THERE ARE NO DETAILS ABOUT WHETHER THERE ARE ADDITIONAL PARTNERS INVOLVED, SO IT REMAINS TO BE SEEN WHO WAS SUPPORTING THIS, DO THEY HAVE PRIVATE EQUITY AND ARE THERE OTHER BILLIONAIRES IN THEIR OWNERSHIP GROUP? ROMAINE: RANDALL WILLIAMS WITH THAT BREAKING NEWS INVOLVING THE LOS ANGELES LAKERS SET TO BE SOLD FOR ABOUT $12 BILLION.

JUMPING TO ANOTHER STORY AND THAT IS SHARES OF WENDY'S JUMPING. AFTER THE FINANCIAL TIMES SUPPORTING NELSON PELTZ IS PREPARING A BID TO TAKE THE BURGER CHAIN PRIVATE. WENDY SAYS BEEN UNDER A LOT OF PRESSURE FOR A VARIETY OF REASONS. WHAT IS NELSON PELTZ UP TO HERE?

HE HAS BEEN IN THE STOCK SINCE FEBRUARY AND WANTS TO TAKE IT PRIVATE. HE HAS EXPRESSED INTEREST IN THIS COMPANY AND HE IS PUTTING TOGETHER A CONSORTIUM OF A GROUP FROM ABU DHABI AND AN OUTFIT WHICH IS A MAJOR FRANCHISEE TO GET TOGETHER TO LINE UP THE FINANCING TO FINALLY TAKE WENDY'S PRIVATE, WHICH HAS BEEN STRUGGLING WITH DECLINING SALES, RISING COSTS, TRADING AT A DISCOUNT. VERY TYPICAL SITUATION. ROMAINE: BUT HAVE THEY ACTUALLY LAID OUT ANY SORT OF PATH FORWARD AS TO EXACTLY HOW THEY WOULD REINVIGORATE THE BUSINESS?

MATTHEW: THEY BROUGHT IN A NEW CEO WITH A TURNAROUND PLAN AND THAT THEY WILL BE RECEPTIVE TO ALL OFFERS. WE HAVE SEEN ACTIVISTS BLUR THE LINE BETWEEN M&A AND ACTIVISM. THE ACTIVISTS GET IN AND NOT JUST BE A CATALYST FOR SOMEBODY ELSE TO TAKE THINGS PRIVATE, BUT TAKE PART THEMSELVES. ROMAINE: DO WE HAVE EXAMPLES OF HOW THAT HAS WORKED OUT? MATTHEW: IT HAPPENS ALL THE TIME. ELIOT ARE THE ONES WHO PIONEERED THIS AND THEY HAVE DONE A GREAT JOB AND PEOPLE HAVE KIND OF PLAYED WITH THAT BLUEPRINT.

ROMAINE: ABSOLUTELY. MATT MONKS. WE WANT TO TURN TO OUR BLOOMBERG SENIOR DEALS REPORTER MICHELLE DAVIS FOLLOWING ANOTHER MAJOR STORY INVOLVING ANOTHER MAJOR COMPANY AND THAT IS NVIDIA LOOKING TO COMBAT FEARS AROUND CIRCULAR FINANCING.

THAT'S RIGHT. NVIDIA UNVEILING A 500 BILLION DOLLARS PLAN FOR AI INFRASTRUCTURE. THE LIST INCLUDES SOME OF THE WORLD'S BUSY -- BIGGEST ASSET MANAGERS, APOLLO, BLACKSTONE, BLACK ROCK, BROOKFIELD, KKR, AND GOLDMAN SACHS. THEY WILL PULL MONEY TO HELP FUND THE BUILD OUT OF AI INFRASTRUCTURE, BY FAR THE BIGGEST AI FINANCING DEAL TO EVER HIT WALL STREET. THE NEWS REVIVED CONCERNS THAT NVIDIA IS INFLATING DEMAND THROUGH CIRCULAR FINANCING.

EXECUTIVE SET OF CLARIFIED THAT NVIDIA'S CONTRIBUTION WILL BE LIMITED, INSTEAD THESE FIRMS WILL INDEPENDENTLY EVALUATE EACH PROJECT AND DECIDE WHETHER TO PROVIDE FUNDING. THIS PROBABLY WON'T END HERE WITH MORGAN STANLEY PREDICTING AI INFRASTRUCTURE SPENDING WILL BE $3.5 TRILLION OVER THE NEXT TWO YEARS. IT IS CLEAR COMPANIES ARE GETTING CREATIVE TO FIND CASH FOR THE AI BUILDOUT. ROMAINE: WE WANT TO GO FROM THAT TO SOME HIGH DRAMA AND HOLLYWOOD SURROUNDING THE PARAMOUNT WARNER BROS.

DEAL. A PARAMOUNT DESK PERSON FAMILIAR SAID THE BOARD HAS APPROVED A DEAL TO LEAVE THE STATE OF CALIFORNIA AND THAT COULD HAPPEN AS EARLY AS OCTOBER 1. BUT THE CALIFORNIA ATTORNEY GENERAL IS CALLING THESE REPORTED PLANS BLACKMAIL. JOSH SISCO COVERS ANTITRUST FOR US. WHAT WE KNOW ABOUT THIS? IS THIS POLITICKING ORDERS PARAMOUNT SERIOUS? JOSH: I THINK THERE IS A LOT OF POLITICS BEHIND IT, BUT I THINK PARAMOUNT IS SERIOUSLY CONSIDERING ALL ITS OPTIONS.

YESTERDAY THERE WAS AN EVENT WHERE BOTH ROB BONTA, THE CALIFORNIA AG, AND PARAMOUNT SAID LAWYER WHO IS QUARTERBACKING THIS FOR THE COMPANY, THEY BOTH SPOKE SEPARATELY AT THIS EVENT AND THE KIND OF REITERATED THESE COMMENTS. THE PARAMOUNT LAWYER SAID THAT IF AT ALL POSSIBLE THEY WANT TO STAY IN CALIFORNIA. DAVID ELLISON LIVES THERE, HIS FAMILY IS THERE, BUT THEY HAVE TO THINK ABOUT ALL OF THEIR OPTIONS IS KIND OF HOW HE FRAMED IT.

ROMAINE: THERE IS ANOTHER INTERESTING THING GOING ON IN THE WORLD OF ANTITRUST, IT INVOLVES ELEVATORS. THIS HAS NOTHING TO DO WITH DAVID ELLISON, RIGHT? JOSH: NOTHING TO DO WITH DAVID ELLISON. THE DOJ, THE JUSTICE DEPARTMENT OPENED AN INVESTIGATION INTO KONE'S PROPOSED TAKEOVER OF TK ELEVATOR WHICH IS THE NUMBER THREE IN FOUR ELEVATOR COMPANIES IN THE WORLD MERGING TO CREATE THE WORLD'S BIGGEST ELEVATOR COMPANIES AND THAT SIZE OF THE DEAL AND THE LEVEL OF COMMERCE INVOLVED IS NATURALLY GOING TO DRAW SCRUTINY FROM AROUND THE WORLD.

AND THE COMPANIES HAVE SAID THEY EXPECT TO SELL ASSETS AND ARE ENGAGED WITH REGULATORS, BUT THE JUSTICE DEPARTMENT IS NOW FORMALLY INVESTIGATING THE MERGER, WHICH COULD TAKE AS MUCH AS A YEAR OR MORE. ROMAINE: JOSH SISCO WITH A CLOSER LOOK AT TWO POTENTIAL LEGAL ISSUES THERE, ONE INVOLVING KONE AND THE OTHER INVOLVING PARAMOUNT AND ITS BID TO CLOSE OUT THAT WARNER BROS. DEAL. WHEN WE COME BACK WE WILL CONTINUE TALKING DEALS AND WE WILL TALK ABOUT WHAT IS HAPPENING IN THE SECONDARY MARKET.

THAT SECONDARY MARKET VOLUME HITTING THE STRONGEST FIRST HALF ON RECORD AND POTENTIALLY ON TRACK TO EXCEED $250 BILLION FOR THE FULL YEAR. NIGEL DAWN AT EVERCORE WILL BE STOPPING BY TO TELL US WHAT HE IS SEEING NEXT. THIS IS BLOOMBERG DEALS. ROMAINE: SECONDARY DEALS FOR PRIVATE ASSETS SURGING TO A RECORD $121 BILLION IN THE FIRST HALF OF THIS YEAR. ACCORDING TO EVERCORE THAT HAS BEEN DRIVEN BY FUND MANAGERS SINGING TO HOLD ONTO TROPHY ASSETS LONGER.

YOU CAN SEE GP LEAD TRANSACTIONS HAVE TAKEN OVER LP LED TRANSACTIONS IN THE FIRST HALF. NIGEL DAWN IS GLOBAL HEAD OF THE PRIVATE O VISOR REGROUP AT EVERCORE AND HE JOINS US NOW TO TAKE A LOOK AT THE BIG PICTURE. GREAT TO HAVE YOU HERE. NIGEL: TERRIFIC TO BE HERE TODAY, GOOD TO BE HERE. ROMAINE: THAT'S A BIG NUMBER. WILL IT BE EVEN BIGGER FOR THE FULL YEAR? NIGEL: WE COULD BE $250 BILLION FOR THE FULL YEAR ASSUMING THERE IS NO MACRO, GLOBAL ISSUES COMING UP.

ROMAINE: LET'S TALK ABOUT THE ISSUES THAT LED TO THIS SURGE. THERE HAS BEEN A LOT OF TALK ABOUT THE GROWTH OF THE SECONDARY MARKET. TO GET TO 120 BILLION DOLLARS IN SIX MONTHS AND