Sportsperson and celebrity manager WME-IMG to buy UFC

Reuters News
|
Posted: Jul 11, 2016 8:30 AM

(Reuters) - WME-IMG, a manager of sportspersons and celebrities, said on Monday it would buy the Ultimate Fighting Championship (UFC) in a deal backed by private equity firms Silver Lake and KKR & Co LP.

The company's statement did not disclose the terms of the deal.

The group led by WME-IMG will buy UFC for about $4 billion, Reuters reported earlier in the day, citing a source.

(Reporting by Narottam Medhora in Bengaluru; Editing by Kirti Pandey)