Source: Fertittas Sell Remaining Equity In UFC, Which Is Now Valued At Close To $5B

Former UFC co-Owners Frank and Lorenzo Fertitta "sold their remaining equity -- about 5.8% between them -- last month to WME-IMG," which acquired the company in the summer of '16, according to a source cited by Noah Kirsch of FORBES. The Fertittas received "roughly a 26% premium over last year’s transaction." The new deal values UFC at approximately $5B. The divestiture "marks the end of a lucrative investment for the brothers," who acquired the UFC for just $2M in '01. The brothers have "not held a day-to-day role at UFC in more than a year." They will continue to "focus principally on their publicly-traded gaming business, Station Casinos, and their fledgling investment firm, Fertitta Capital" (FORBES.com, 9/7).