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UFC reportedly sold for 4.2 billion

<p>Sources have <a href="http://www.flocombat.com/article/42802-sources-zuffa-accepts-4-2-billion-bid-for-sale-of-ufc">confirmed with FloCombat</a> that Zuffa has sold the UFC.</p> <p>Rumors have circulated the past few weeks of UFC executives considering several bids to sell the company and it seems as though the rumors were true. According to the report by FloCombat, Zuffa has accepted a $4.2 billion offer made by a group consisting of WME-IMG, the Dalian Wanda Group, The Kraft Group and Tencent Holdings with the majority of the money coming from the Dalian Wanda Group and Tencent Holdings.</p> <p>The Dalian Wanda Group is China&#39;s largest commercial property company and the world&#39;s largest cinema chain operator and is owned by China&rsquo;s richest man, Wang Jianlin. The Kraft Group, founded in 1998, is a privately owned company that is heavily involved in professional sports and owns the New England Patriots.</p> <p>The bidding process, handled by Goldman Sachs, began with companies offering individual bids with the original four bidders being WME-IMG, China Media Capital, The Blackstone Group, and the Dalian Wanda Group. The bids didn&rsquo;t meet Zuffa&rsquo;s valuation so the companies began forming groups to match the offer.</p> <p>The majority shareholders of the UFC are the Fertitta brothers, who bought the UFC for $2 million. They are believed to own just over 80% of the company with the minority owners being UFC president Dana White and a subsidiary of the Abu Dhabi government. The report indicates that Dana White will remain with the UFC and will continue with his role as a promoter. Matchmakers Joe Silva and Sean Shelby will also remain with the promotion. &nbsp;</p>

jamalk599

Jamal Khayat is a writer for RoughCopy MMA. He began his training in combat sports in 2009 and has competed as an amateur in both MMA and boxing. He is currently pursuing a B.S. degree in Physics at the University of Central Florida.

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UFC reportedly sold for 4.2 billion - MMA News

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