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REPORT: UFC Sells For A Jaw-Dropping Amount Of Money

David Hookstead Smoke Room Editor-in-Chief
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The Ultimate Fighting Championship has reportedly been sold for a staggering $4.2 billion.

The UFC is changing hands from Zuffa to WME-IMG, the Dalian Wanda Group, The Kraft Group and Tencent Holdings, according to FloSports(SLIDESHOW: These Are The Hottest Photos Of Ronda Rousey On The Internet)

The same report indicates that UFC president Dana White will be selling all of his shares in Zuffa has part of the deal, but will be granted new shares to stay on with the new ownership group. (SLIDESHOW: This Gorgeous Olympian Loves To Show Off Lots Of Skin)

The $4.2 billion deal is a massive step up for the UFC, which was purchased for a slim $2 million by Zuffa in 2001.

This is a developing situation. Check back for more details.

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