Dalian Wanda Group reportedly in advanced talks to buy the UFC
The Dalian Wanda Group looks to be significantly strengthening its sports portfolio with reports that it is in advanced talks to buy the UFC organisation.
The Chinese conglomerate is understood to have submitted a bid for the fast growing mixed martial arts promotion, according to ESPN. Dalian Wanda Group has been named as the led bidder, however WME/IMG, China Media Capital and The Blackstone Group are all understood to have also submitted bids.
Multiple sources with knowledge of the negotiations claim that, if talks proceed, the winning bid would likely be between $3.5bn and $4bn.
UFC president Dana White dismissed reports Read full story ›
Source: The Drum
