Chalk another one up for the good guys – at least that’s what UFC president Dana White (Pictured) must be thinking after the Federal Trade Commission decided to end their investigation of Zuffa, LLC’s March 2011 purchase of Strikeforce.
“The Federal Trade Commission’s Bureau of Competition has been conducting a nonpublic investigation to determine whether Zuffa, LLC’s acquisition of Explosion Entertainment, LLC [Strikeforce] may violate Section 7 of the Clayton Act or Section 5 of the Federal Trade Commission Act,” FTC secretary Donald S. Clark expressed.
“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.”
It has been reported Zuffa acquired its largest stateside rival for roughly $34 million.
Zuffa has promoted 12 events under the Strikeforce banner since purchasing the promotion from current Strikeforce CEO Scott Coker. In December, Showtime extended their broadcasting contract with Strikeforce that allows for up to eight live events in 2012.