"The UFC will soon be in the hands of a new ownership group.
Multiple sources confirmed with FloCombat on Monday afternoon that a bid of $4.2 billion from a group consisting of WME-IMG, the Dalian Wanda Group, The Kraft Group and Tencent Holdings was accepted by Zuffa brass. While this does not mean the entire company is officially sold, it is a strong likelihood that the sale will be completed shortly.
A sealed bidding process handled by the investment bank Goldman Sachs accepted private bids from a number of companies. Initially, many of the companies were filing separate bids. But unable to come close to the valuation Zuffa was looking for, they combined into two groups. One featured WME-IMG (led by Zuffa confidant Ari Emmanuel), the Dalian Wanda Group, The Kraft Group (owners of the New England Patriots and other sporting properties) and Tencent Holdings, the owners and operators of the largest internet portal in China"
Sources: UFC Accepts $4.2 Billion Bid for Sale of UFC
Multiple sources confirmed with FloCombat on Monday afternoon that a bid of $4.2 billion from a group consisting of WME-IMG, the Dalian Wanda Group, The Kraft Group and Tencent Holdings was accepted by Zuffa brass. While this does not mean the entire company is officially sold, it is a strong likelihood that the sale will be completed shortly.
A sealed bidding process handled by the investment bank Goldman Sachs accepted private bids from a number of companies. Initially, many of the companies were filing separate bids. But unable to come close to the valuation Zuffa was looking for, they combined into two groups. One featured WME-IMG (led by Zuffa confidant Ari Emmanuel), the Dalian Wanda Group, The Kraft Group (owners of the New England Patriots and other sporting properties) and Tencent Holdings, the owners and operators of the largest internet portal in China"
Sources: UFC Accepts $4.2 Billion Bid for Sale of UFC
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