Rumor: UFC in talks with China Media Capital, asking $6 billion

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IschKabibble

IschKabibble

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Jan 15, 2015
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Priziesthorse said:
Mr. ErikMagraken @ErikMagraken,

If Zuffa sells before the conclusion of the anti trust lawsuit, do the new owners then become liable to pay the potential damages awarded in that case?

Also, did you watch Making a Murderer? Is Steven Avery guilty?
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Good question. Curious of that too. How does liability transfer if a company sells and goes out of business. Say Zuffa sells and shuts its doors. Of course that wouldn't preclude legal proceedings, but would liability transfer to the individual owners of that business?

Edit: Beaten
 
Robbie Hart

Robbie Hart

All Biden Voters Are Mindless Sheep
Feb 13, 2015
51,425
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IschKabibble said:
Good question. Curious of that too. How does liability transfer if a company sells and goes out of business. Say Zuffa sells and shuts its doors. Of course that wouldn't preclude legal proceedings, but would liability transfer to the individual owners of that business?

Edit: Beaten
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Check out the last comment on page 1
 
ErikMagraken

ErikMagraken

Posting Machine
Apr 9, 2015
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Priziesthorse said:
Mr. ErikMagraken @ErikMagraken,

If Zuffa sells before the conclusion of the anti trust lawsuit, do the new owners then become liable to pay the potential damages awarded in that case?

Also, did you watch Making a Murderer? Is Steven Avery guilty?
Click to expand...
It depends on exactly what is sold. If Zuffa is sold the answer is yes, the new shareholders inherit the liability of the lawsuit against it. If, on the other hand, certain assets are disposed of it may be possible to structure sale in a way that new ownership is not responsible for the underlying litigation.
 
WoodenPupa

WoodenPupa

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Feb 14, 2015
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Love the name. China Media Capital. Very catchy, like "Place Function Package" or something. Really gets the imagination going.
 
WoodenPupa

WoodenPupa

Member
Feb 14, 2015
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ErikMagraken said:
It depends on exactly what is sold. If Zuffa is sold the answer is yes, the new shareholders inherit the liability of the lawsuit against it. If, on the other hand, certain assets are disposed of it may be possible to structure sale in a way that new ownership is not responsible for the underlying litigation.
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Can't they just rename the company "China" and duck all liability that way?
 
GSPTrainingInAPool

GSPTrainingInAPool

Man on the silver mountain
Dec 1, 2015
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This is just a Chinese corp trying to get money outside the country. A Chinese developer started building houses in my town a few years ago, they've stopped building 3 years ago and are maaaybe 25% done lmao

Edit: I can't actually confirm this but it's a rumor around town >>
 
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