Zuffa reportedly paid $40 million for Strikeforce

Monday, March 14, 2011

From what I can tell, there was three potential suitors (Zuffa being one) who negotiated with SVSE and Coker about 15 hours ago via HootSuite

According to my source, Zuffa made multiple offers beginning around December, so this lasted a few months about 15 hours ago via HootSuite

According to a strong source, UFC purchased Strikeforce for about $40 million, which included some debt repayment about 16 hours ago via HootSuite

read official Twitter…

Loretta Hunt, formerly of Sherdog.com recently wrote the below piece for the LA Times. Last night she took to Twitter for an impromptu Q&A, answering several questions and revealing new details about the deal.

Zuffa LLC., the parent company of the Ultimate Fighting Championship, has come to an agreement to purchase rival promotion Strikeforce, a San Jose organization that had been considered a growing competitor behind the industry leader.

UFC President Dana White announced the deal during an exclusive video interview that was posted on MMAFighting.com on Saturday.

Mike Afromowitz, Director of Communications for Strikeforce, also confirmed the purchase late Saturday. Strikeforce CEO Scott Coker was not initially available for comment.

The acquisition, the sport’s most monumental since Zuffa purchased the Japan-based Pride Fighting Championships in March 2007, brings together a strong majority of the sport’s top talent under one promoter.

read entire article…

Image courtesy of Arias Garcia