WME-IMG announces acquisition of UFC

Industry:    2016-07-12

* WME | IMG announces acquisition of UFC

* WME | IMG says terms of transaction were not disclosed

* IMG says Silver Lake Partners and KKR will join WME | IMG as new strategic investors, along with MSD Capital, L.P

* IMG says MSD partners, L.P. will provide preferred equity financing

* WME | IMG says upon closing, Lorenzo Fertitta will step down from day-to-day operations

* IMG says Frank Fertitta III and Lorenzo Fertitta will both retain a passive minority interest in organization Source text for Eikon: (Bengaluru Newsroom: +1 646 223 8780).

http://www.reuters.com/article/idUSFWN19X0I4

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