What happened: Josh Kushner and Bob Iger pivoted to make an aggressive offer for the franchise. If approved, the agreement would transfer control less than a year after the previous ownership change closed.
Why it matters: The valuation is $2.5 billion above the Los Angeles Lakers' previous $10 billion sale price. Keeping the Dodgers outside the transaction limits the deal to the basketball franchise.
By the numbers: The $12.5 billion valuation is 25% higher than the Lakers' previous $10 billion sale price.
What to watch: NBA owners must approve the transaction before it can close.