Federal Trade Commission closes investigation into Zuffa’s purchase of Strikeforce
The ongoing investigation into Zuffa, LLC’s purchase of Strikeforce has come to a close. There had been talk for months that the Federal Trade Commission was looking into the purchase and seeking to determine if the purchase constituted a monopoly in the mixed martial arts world.
The text from the FTC’s letter closing the investigation is below:
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 may violate Section 7 of the Clayton Act or Section 5 of the Federal Trade Commission Act.
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.
Further Reading: ZUFFA-Strikeforce Deal Announcement Media Call Audio
