According to an article from The Wrap, WME-IMG is nearing completion of a deal which will see them receive $1.1 billion in investments from the Canadian Pension Plan, plus a Singaporean wealth fund. The Canada Pension Plan board announced earlier in the week that they invested $400 million of equity, making for 8% minority interest. This will see the UFC’s owners up their value from $5.5 billion to an estimated $6.3 billion.
Where does the UFC factor into this equation? Here’s a quick blurb on that from The Wrap’s column:
Silver Lake said in the letter that the investment will make it possible to buy out minority partners in UFC and to allow some WME-IMG senior management employees and investors to take cash out as well as fund further acquisitions.