Madison Square Garden Nears Purchase of Forum, Ex-Los Angeles Lakers Home

Madison Square Garden Inc., owner of the New York Knicks, acquired an option to purchase the Forum, former home of the Los Angeles Lakers, in Inglewood, California.

The transaction is subject to due diligence and other conditions, MSG spokeswoman Alysia Lew said today in an e-mail. She declined to discuss details.

The agreement was reported earlier by Billboard and the Los Angeles Times.

To contact the reporter on this story: Andrew Fixmer in Los Angeles at afixmer@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net

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