Mark Walter
Coverage of Mark Walter in the Nexus archive.
- Mark Walter’s empire of assets and liabilities
A scandal involving insurers has surfaced regarding Mark Walter’s empire of assets and liabilities. This situation is currently alarming the private capital industry.
- The sports billionaire threatening to upend Wall Street
Mark Walter, a sports billionaire, built his empire using a strategy that involved leveraging insurers. This much-copied business strategy has recently drawn regulatory scrutiny, especially amid suggestions of upending Wall Street.
- What's at stake for Dodgers' owner Mark Walter as authorities probe his businesses
The Dodgers' owner, Mark Walter, faces scrutiny over his businesses due to investigations involving several authorities. These probing bodies include the Department of Justice, the SEC, and various state insurance regulators. As a result, the ownership stakes for Walter are highly significant.
- Josh Kushner moves into spotlight after stunning purchase of Lakers with partner Bob Iger
Josh Kushner and Bob Iger announced a stunning agreement to buy the NBA’s Los Angeles Lakers from Mark Walter at $12.5 billion, which is stated as the highest valuation for a team sports sale. This deal marked a high-profile entry into the sports market for the tech investor Josh Kushner. Historically, he has also utilized his venture capital firm, Thrive Capital, to invest in companies like OpenAI and SpaceX.
- Why related-party loans at issue in the Mark Walter probe are considered risky
Federal authorities are investigating billions in related-party loans made by two insurers owned by Mark Walter to entities associated with him or his holding company. The loans are considered risky due to potential conflicts of interest.
- WSJ: Lakers, Dodgers owner at center of federal probe suffered stroke in 2024
Mark Walter, owner of the Los Angeles Dodgers and Los Angeles Lakers, suffered a stroke in 2024 during the 2024 World Series and is under a federal investigation.
- US authorities probe Mark Walter’s insurance empire
US authorities are investigating Mark Walter's insurance empire. The probe focuses on the insurance-private capital nexus.
- US probes insurers owned by billionaire Mark Walter over asset disclosures
US prosecutors and securities regulators are investigating insurers owned by billionaire Mark Walter to determine if they failed to disclose holdings in affiliated entities. The probe focuses on potential compliance issues related to asset disclosures.
- Jeff Bezos-backed Slate unveils launch price for the 'most affordable truck in America'
Slate, a Jeff Bezos-backed startup, announced its base electric pickup truck will start at $24,950, positioning it as the 'most affordable truck in America.' The vehicle features minimal tech, manual windows, and no touchscreen, with first deliveries expected by late 2026.
- Ilitch Companies announced as PWHL investor ahead of Detroit season
Ilitch Companies and Kilmer Sports Ventures have become strategic partners and first outside investors in the Professional Women’s Hockey League (PWHL). The league is expanding with four new teams in Detroit, Hamilton, Las Vegas, and San Jose, bringing its total to 12 teams for the 2026-27 season. The PWHL has seen a 35% increase in sponsorships and over 50% growth in online merch sales since its 2023 launch.
- Carvana ties up with Bezos-backed Slate Auto as it plans new car sales
Carvana has partnered with Bezos-backed Slate Auto to expand into new car sales. Carvana was granted a warrant to purchase shares in Slate, and Guggenheim Partners CEO Mark Walter has significant investments in both companies.
- Lakers lay off more than a dozen employees in business reorganization: report
The Los Angeles Lakers have laid off more than a dozen employees as part of a reorganization under new franchise leadership. The layoffs affect departments including marketing, team communications, team content, and corporate sponsorships.
- Slate raises $650 million to make its budget electric truck
Slate Auto, an EV startup backed by Jeff Bezos, raised $650 million to develop an affordable electric pickup truck. The funding round was led by TWG Global, with Mark Walter and Thomas Tull as key investors, and the company aims to deliver its first EV later this year.
- Slate Auto raises $650M to fund its affordable EV truck plans
Slate Auto has secured $650 million in funding to develop affordable electric vehicle trucks. The investment was led by existing investor TWG Global, which is managed by LA Dodgers owner Mark Walter.