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Report: Agreement reached to sell UFC for around $4 billion

Posted at 9:21 PM, Jul 10, 2016
and last updated 2016-07-11 07:23:23-04

Just 24 hours after its 200th event, Ultimate Fighting Championship is reportedly set to be sold.

According to TMZ Sports and other outlets, sports and entertainment talent agency WME-IMG has agreed to purchase UFC for about $4 billion.

A New York Times report says the deal will be made official as soon as Monday.

"Backing the deal are the private equity heavyweights Silver Lake, Kohlberg Kravis Roberts, and the investment firm of the billionaire Michael S. Dell," the New York Times reported.

Current UFC owner Dana White will "still have a major presence" as president of UFC, according to TMZ, while current CEO Lorenzo Fertitta will step down.

"Although the deal has been agreed upon, we're told the deal will take six weeks to two months for final signatures," TMZ reported.

UFC 200 took place in Las Vegas on Saturday.

In May, ESPN's Darren Rovell reported UFC was on the market. UFC strongly denied those reports at the time.