Abu Dhabi buys 10% stake in Ultimate Fighting Championship
Flash Entertainment, the Abu Dhabi based live events company, has acquired 10 percent stake in Zuffa LLC, the Las Vegas firm that owns the Ultimate Fighting Championship (UFC).
Financial terms of the deal are not disclosed. As reported by The National, Zuffa LLC, The company that owns UFC, was estimated to be worth $1 billion by Forbes in May 2008. Flash is wholly owned by the government of Abu Dhabi.
With Flash network and resources, UFC can count on going into countries like China and India much easier.
Their full press release follows
January 13, 2010 |
Filed under Abu Dhabi Venture Capital
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