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UFC sold for $4 billion
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Dana White, center, stands between Nate Diaz, left, and Conor McGregor during a UFC 202 news conference, July 7, in Las Vegas. - photo by Associated Press
LOS ANGELES — In less than 16 years, the UFC has grown from a money-losing company in a widely reviled sport into a global entertainment property worth $4 billion. While the UFC and its new owners figure out the company's next steps, Lorenzo and Frank Fertitta are tapping out of mixed martial arts with a remarkable return on a $2 million investment. The UFC has been sold for approximately $4 billion to a group led by Hollywood entertainment conglomerate WME-IMG, both companies confirmed Monday.