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OBS Makes Bid to Buy EliteXC’s Websites

Written by 5thRound.com Staff
October 23rd, 2008
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Online Broadcasting Systems, the parent company of RingSports, has made a formal bid to purchase “internet-related aspects” of EliteXC. RingSports CEO Manny Fernandez said in a statement, “I hope we can build on some of the great aspects of their internet foundation, especially the technology of their websites and their social networking aspects.”

No purchase amount has been announced, but it is expected to be revealed at some point later this week.

ProElite announced Monday that it was closing its doors after reportedly losing upwards of $55 million in only two years of existence.

OBS is reaching out to many “veterans” of the social networking world to put together something that all MMA fans will feel in-touch with, and getting EliteXC’s online content certainly won’t hurt.

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