The Fertitta brothers just did something not many can do in the world of business: turn a purchased company into a monster profit.
After weeks of rumors and speculation, the UFC has reportedly been sold for $4.2 billion.
The winning bid was the result of a combination of four companies. Companies include Hollywood talent agency WME-IMG, Chinese company conglomerate Dalian Wanda Group, Chinese internet and mobile company Tenecent Holdings and New England Patriots owner Robert Kraft and The Kraft Group.
Life will change for Dana White, who owns 9-percent of Zuffa, and could be looking at a $400 million payday while remaining in his current role.