FiveOuncesofPain.om has learned that the Zuffa, the parent company of the UFC, and the IFL have not finalized a deal and that several other promotions (including HDNet Fights and EliteXC) in recent weeks had been falsely rumored to have completed the purchase. However, sources have confirmed that Zuffa is attempting to complete an acquisition of the New York-based promotion.
During trading on Thursday, over $2.7 million of shares of the company’s stock had been traded based largely on speculation. As of 2:30 p.m. ET, the stock was trading at $0.02 a share, up from the previous day’s close of $0.01.
We contacted IFL Senior Vice President of Communications Joe Favorito in regard to MMA Payout’s report, but he declined comment.
Five Ounces of Pain first became aware of the UFC’s attempted acquisition while speaking with a former IFL fighter on Tuesday afternoon. We followed up the information with two sources that had past ties to the IFL that were able to confirm the story.
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