The Buss family has agreed to sell majority control of the Los Angeles Lakers, valuing the franchise at a record-setting $10 billion.

Dodgers owner Mark Walter will assume a controlling interest of the team; Jeanie Buss will remain in the governor role

After 46 years of ownership, the Buss family agreed to sell a controlling interest in the Los Angeles Lakers to Mark Walter, CEO of Guggenheim Partners. It's the end of an era for the Lakers, and the continuation of a pro sports dynasty in Southern California.