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Mon 11 Jul 2016 03:21 PM

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Abu Dhabi's Flash 'to keep' UFC stake after $4bn sale

Owners of the Ultimate Fighting Championship have confirmed sale of martial arts business to group of investors

Abu Dhabi's Flash 'to keep' UFC stake after $4bn sale
UFC president Dana White. (Getty Images)

The owners of the Ultimate Fighting Championship (UFC) – a global martial arts business that is part-owned by the Abu Dhabi government - has reportedly confirmed its sale for $4 billion to a group of investors.

UFC president Dana White confirmed the sale to a group headed by talent agency WME/IMG, Yahoo Sports reported.

It said the Abu Dhabi-based Flash Entertainment, which purchased 10 percent of the UFC in 2010, will keep its share for now.

White said he will remain as an owner, president and head of day-to-day operations.

ESPN reported in May that the company was up for sale, which White denied.

The sale is expected to close before UFC 202 on August 20, Yahoo Sports added.

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