FTC Closes Investigation of UFC Parent Company Zuffa
Posted: Wed Feb 01, 2012 5:55 pm
The Federal Trade Commission has officially closed its ongoing investigation into the business dealings of Ultimate Fighting Championship parent company Zuffa, LLC. The FTC’s Bureau of Competition began its nonpublic investigation of the company last year following Zuffa’s acquisition of Explosion Entertainment, the parent company of Strikeforce.
“Upon further review of this matter, it now appears that no further action is warranted by the Commission at this time. Accordingly, the investigation has been closed, this action is not to be construed as a determination that a violation may not have occurred, just as the pendency of an investigation should not be construed as a determination that a violation has occurred. The Commission reserves the right to take such further action as the public interest may require.”
Here is the FTC document:
“Upon further review of this matter, it now appears that no further action is warranted by the Commission at this time. Accordingly, the investigation has been closed, this action is not to be construed as a determination that a violation may not have occurred, just as the pendency of an investigation should not be construed as a determination that a violation has occurred. The Commission reserves the right to take such further action as the public interest may require.”
Here is the FTC document: