UFC’s Strikeforce purchase likely hastened by ProElite Inc. interest
The UFC apparently wasn’t the only suitor of Strikeforce. ProElite Inc., the once-mighty fight-promotion company purchased for pennies on the…
The UFC apparently wasn’t the only suitor of Strikeforce.
ProElite Inc., the once-mighty fight-promotion company purchased for pennies on the dollar in February 2010 by Stratus Media Group Inc., had been in active negotiations with the recently acquired Strikeforce and had met face to face with CEO Scott Coker, sources close to the negotiations today told MMAjunkie.com (www.mmajunkie.com).
“There were offers made both ways,” said one source.
Those negotiations came to an end today when UFC president Dana White announced that the UFC’s parent company, Zuffa LLC, has purchased Strikeforce with the intention of running shows parallel to the UFC.
ProElite Inc. first inquired about purchasing Strikeforce mere months after it was taken over by Stratus Media Group in early 2010, and talks had intensified within the past month, one source said.
The revamped company’s proposal to acquire the California-based promotion may have included cash and stock paid to Silicon Valley Sports & Entertainment, a sports-franchise company that owns Strikeforce along with Coker, another source said.