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UFC sold to WME-IMG in unprecedented deal

The owners of the UFC are expected to announce they have sold a majority stake in the business on Monday for $4 billion.

Las Vegas-based CBS affiliate KLAS and The New York Times reported late Sunday night that the new owners will be WME-IMG, its owner Silver Lake Capital, KKR and MSD Capital, the investment firm of Michael Dell.

At $4 billion, it would be the most expensive transaction for an organization in sports history.

Quite a story considering brothers Lorenzo and Frank Fertitta bought the organization in 2000 for $2 million.

The price paid for the UFC is roughly seven times earnings, as chairman Lorenzo Fertitta told CNN that the organization grossed about $600 million in revenues in 2015.