BREAKING NEWS: The UFC has officially been sold

It’s finally official. The Ultimate Fighting Championship has been sold to WME-IMG and MSD capital.

The news was first reported by Jeremy Botter for Flo Sports and today confirmed by Lorenzo Fertitta to CBS 8 news now’s Chris Maathuis in the states.

Largest sale in history of sports. #UFC sold for 4 billion to WME-IMG and MSD capital. Fertittas and White small % pic.twitter.com/b7Fj0ZXs4x

— Chris Maathuis (@sports8) July 11, 2016

Maathuis reports that the sale is valued at $4 billion and will be for 100% of the company.

As previously reported Dana White will stay on working with the company from Las Vegas.

#UFC sold. It's Time!! Papers signed Saturday. 4-billion price tag Dana stays on HQ Vegas Exclusively on #8NN pic.twitter.com/DwkW8j2t02

— Chris Maathuis (@sports8) July 11, 2016

Zuffa LLC, the holding company of the Fertitta’s, bought the UFC for just $2 million in 2001, making it one of the best investments in sports’ history.

Stay tuned to SevereMMA for more details as they emerge.