(Photo by Brandon Magnus/Zuffa LLC/Zuffa LLC via Getty Images)

UFC Reportedly Finalizes Deal to Sell the Promotion, Who Are the Buyers and Will Dana White Remain President?

June 20, 2016

ufc — (Photo by Brendon Thorne/Zuffa LLC/Zuffa LLC via Getty Images)

According to Jeremy Botter of FloCombat, Ultimate Fighting Championship has accepted a $4.2 billion bid to be sold to the ownership group of WME-IMG, the Dalian Wanda Group, The Kraft Group and Tencent Holdings, the owners of the largest internet portal in China.

While the sale is not yet complete, an announcement is expected to come shortly following UFC 200 in July.

FloCombat sources indicated the majority of the money for the deal is coming from the Dalian Wanda Group and Tencent Holdings. But WME-IMG and the Kraft Group would act as the faces of the new ownership group, at least in North America.

As for the future of Dana White in UFC, sources note White will be staying with the company and will retain his role as UFC President. White’s current shares in Zuffa will be sold as part of the deal, but he will be granted new shares to stay on in his current promotion capacity.

Nick was born and raised in Detroit, Michigan, and lived there until the age of 18, when he decided to pack his flack jacket and move to New York City.

Nick attended New York University and graduated in 2001 with a degree in Drama.

Nick first entered the internet wrestling community back in 2004 when he became the co-host of The Voice of Wrestling Radio Show. From there, Nick made the transition from radio personality to editor when he began working with WrestleZone in 2008.

Nick is a member of two Off-Broadway theatre companies, Another Urban Riff, and the Drama Desk Award winning Godlight Theatre Company. Nick has appeared in over a dozen Off-Broadway plays since he moved to New York City, and has shot several short and feature length films. In 2010, he completed principle photography on a film titled "How to Score Your Life," which also features TNA Knockout ODB.

Inspiration in his life has come from many people including his family, Woody Allen, Steven Spielberg, Jack Nicholson, The Beatles, and of course, Lassie.