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 -- then the UFC’s biggest competitor.

According to a letter sent from FTC Secretary Donald S. Clark to Zuffa attorney Stephen Axinn, the FTC conducted the investigation to determine whether the acquisition violated either Section 5 of the Federal Trade Commission Act, which discusses deceptive or unfair business practices, or Section 7 of the Clayton Act, which addresses monopolies.

“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,” Clark wrote. “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.”

Zuffa acquired Strikeforce and the promotion’s fighter roster last March. Since the purchase, three of Strikeforce’s five male champions made successful UFC debuts, as Nick Diaz, Dan Henderson and Alistair Overeem all earned Octagon victories last year. Currently, only lightweight champion Gilbert Melendez and middleweight titleholder Luke Rockhold hold Strikeforce gold, while titles in three weight categories remain vacant.

view original article >>
Report here if this news is invalid.

Related News

Ronda Rousey vs. Bethe Correia: UFC 190 Embedded Episode 4

  • 26 days ago
  • 15 views

Another look behind the scenes of fight week as Zuffa gears up for UFC 190 headlined by Ronda Rousey vs. Bethe Correia. It's nearly here. Ronda Rousey is just hours away from stepping into the cage a read news >>

Abdelaziz: Commission held Palhares' win bonus; champ could be stripped of WSOF belt

  • 25 days ago
  • 79 views

Depending on Ali Abdelaziz’s tape study, Rousimar Palhares could either lose his belt or possibly even be booked for an immediate high-profile rematch. Filed under: Featured Videos, News, Videos, WSO read news >>

Frank Mir and Andrei Arlovski Bout Officially Set for UFC 191

  • 24 days ago
  • 21 views

Two former heavyweight champions, Frank Mir and Andrei Arlovski, will clash on the UFC 191 main card on September 9. UFC officials recently announced the match-up. read news >>

Nevada Athletic Commission will also review Jake Shields punching Rousimar Palhares after the bell

  • 24 days ago
  • 17 views

Rousimar Palhares is not the only one facing discipline for his alleged shenanigans Saturday night. The Nevada Athletic Commission will review both the actions of Palhares and Jake Shields for unspor read news >>

UFC 190 medical suspensions: Five fighters potentially out six months

  • 24 days ago
  • 33 views

Five fighters could get long medical suspensions following UFC 190, the Brazilian MMA Athletic Commission (CABMMA) announced on Monday. Claudia Gadelha and Jessica Aguilar, who battled for three roun read news >>

UFC 190 injuries and medical suspensions: Claudia Gadelha and Patrick Cummins facing six-month sits

  • 24 days ago
  • 12 views

Brazilian Athletic Commission (CABMMA) issued its list of injuries and medical suspensions on Monday for the mixed martial arts (MMA) fighters who participated in UFC 190, which took place last Sat. read news >>

NSAC drug test hearings for Anderson Silva and Nick Diaz set for Aug. 13

  • 23 days ago
  • 13 views

Nevada State Athletic Commission (NSAC) has once again summoned Ultimate Fighting Championship (UFC) combatants Anderson Silva and Nick Diaz, who are required to appear before the governing body on A read news >>

NAC issues temporary suspensions to WSOF's Rousimar Palhares, Jake Shields

  • 22 days ago
  • 5 views

The Nevada Athletic Commission disciplinary process has begun for Rousimar Palhares and Jake Shields. The NAC issued temporary suspensions Wednesday to both Palhares and Shields for their roles in a read news >>

Twitter Mailbag: How many chances should Rousimar Palhares get, exactly?

  • 21 days ago
  • 12 views

In this week’s Twitter Mailbag, has Rousimar Palhares officially become MMA’s greatest breaker of rules? How did Ronda Rousey go from boos to cheers so fast? And are we really going to forego a “Cybo read news >>

UFC Fight Night: Teixeira vs. Saint Preux Weigh-in Video Replay

  • 20 days ago
  • 7 views

Check out the 26 fighters competing on the UFC Fight Night: Teixeira vs. Saint Preux fight card officially weigh-in and face off with their opponents. read news >>