Post by JoshSmithPwns on Jan 12, 2010 21:34:13 GMT -5
sports.yahoo.com/mma/news;_ylt=A0wNdb6sME1L8CQBog05nYcB?slug=dm-ufcsale011210&prov=yhoo&type=lgns
Zuffa LLC, the parent company of the Ultimate Fighting champship, announced on Tuesday the completion of a deal in which a 10-percent interest in the company to the Abu Dhabi government-owned Flash Entertainment.
UFC president Dana White confirmed the stock purchase, for an undisclosed price, after approximately eight months of negotiations. White said it was a strategic partnership for the purpose of expanding the company on an international front.
“They paid fair market value of the company, and they put up for 10 percent of it,” said White. “They can get us into places it would take us five, six or seven years to get into, and some places we may have never been able to get into,” he said. “As far as global strategy, they can get us into China right now which would have taken us a long time.”
Zuffa LLC, the parent company of the Ultimate Fighting champship, announced on Tuesday the completion of a deal in which a 10-percent interest in the company to the Abu Dhabi government-owned Flash Entertainment.
UFC president Dana White confirmed the stock purchase, for an undisclosed price, after approximately eight months of negotiations. White said it was a strategic partnership for the purpose of expanding the company on an international front.
“They paid fair market value of the company, and they put up for 10 percent of it,” said White. “They can get us into places it would take us five, six or seven years to get into, and some places we may have never been able to get into,” he said. “As far as global strategy, they can get us into China right now which would have taken us a long time.”