Subject: More on the minority Zuffa purchase Tue Jan 12, 2010 10:17 am
The UFC today announced that Flash Entertainment, a wholly owned subsidiary of Abu Dhabi's government, has acquired a 10 percent stake in Zuffa.
"Since our very first meeting, we were impressed by Lorenzo, Frank and Dana's commitment to growing the UFC as a global sport," Khoreibi stated. "Flash is equally committed to building Abu Dhabi's profile as an international entertainment destination, and this partnership provides further proof of our company’s bold ambitions."
Khoreibi also said he's excited at the prospect of assisting the UFC with its worldwide growth.
"We look forward to an exciting future ahead, working closely with our UFC partners to activate this sport in the UAE, the region and across the world."