Lakers Sold, Paramount Fight, 'Daddy' Podcast | Bloomberg Deals 8/12/2026

The episode covers major corporate transactions, including the record-breaking $12.5 billion sale of the L.A. Lakers and Nelson Peltz's push to take Wendy's private. Discussions highlight the structural growth of the private equity secondary market and Ancora's activist campaign pushing H.B. Fuller to sell its adhesives unit. Finally, experts analyze the surging valuations and investment appeal of sports franchises, particularly in women's sports and sports infrastructure. - Bob Iger and Josh Kushner are reportedly buying the L.A. Lakers for $12.5 billion. - Nelson Peltz is forming a consortium to take Wendy's private amid declining sales. - The private equity secondary market is seeing record volume as GPs hold trophy assets. - Ancora Alternatives is pressuring H.B. Fuller to sell its adhesives unit for $1.2 billion. - Sports franchises are increasingly viewed as safe, predictable investments immune to AI disruption. - Women's sports franchises are experiencing disproportionate market growth and rising valuations.