The Fertitta brothers just did something not many can do in the world of business — turn a purchased company — into a monster profit.
After weeks of rumors and speculation, the UFC has reportedly been sold for $4.2 billion.
#BREAKING: UFC reportedly sold for $4.2 BILLION -KABC
— Breaking911 (@Breaking911) June 20, 2016
the winning bid was the result of a combination of four companies. Companies include Hollywood talent agency WME-IMG, Chinese company conglomerate Dalian Wanda Group, Chinese internet and mobile company Tenecent Holdings and New England Patriots owner Robert Kraft and The Kraft Group.
Life will change for Dana White — who owns 9% of Zuffa and could be looking at a $400 million payday, while remaining in his current role.