Rival Chinese Companies In $4 Billion War For UFC

UFC MMA business is up for sale and two rival Chinese companies are bidding in the $4 billion range for the popular sports league.

“The Ultimate Fighting Championship organization is up for sale, with two rival Chinese groups bidding for the organization. The first is WME-IMG together with the Dalian Wanda Group, and the second is China Media Capital. Both had similar bids in the $4.1 billion range.

The UFC reportedly went up for sale around $4 billion last month, but claims were denied by UFC president Dana White. He had no comments on the latest developments with the Chinese firms. White is one of four owners of Zuffa LCC, UFC’s parent company, and holds a 9% stake. Abu Dhabi-based Flash Entertainment owns 10%, and Station Casino executives Lorenzo and Frank Fertitta own the remaining 81%.” [READ MORE]