UFC, the Las Vegas-based mixed martial arts organization, has been sold for $4 billion, sources told 8 News Now.
A formal announcement is expected Monday morning. After months of rumors, sources say the papers were signed on Saturday for what will be the largest single deal in sports history. The new owners are the talent agency WME; the sports and entertainment company IMG; and MSD, a private equity group headed by Michael Dell. KKR, a global investment firm, is a strategic partner. Brothers Lorenzo and Frank Fertitta, who own 80 percent of UFC, will keep a small percentage in the new ownership group, 8 News Now reports. They purchased UFC in 2000 for $2 million.
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