More On UFC Owners’ Purchase Of Pride
March 27th, 2007 by Brian Cantor
More details on the acquisition
The Associated Press picked up on the Fertittas’ acquisition of Pride FC Tuesday, citing an inside source who said the deal was made for less than $70 million.
News of the deal was made public Tuesday at a press conference in Japan. Nobuyuki Sakakibara, head of Dreamstage Entertainment, stepped down from his leadership position with Pride.
The Fertittas will operate the new company, Pride FC World Holdings, independently of UFC. Nonetheless, the two brands will work together to produce superfights.
“We will be able to literally put on the fights that everyone wants to see,” Lorenzo Fertitta said. “It will allow us to put on some of the biggest fights ever.”
