In 2021, Endeavor bought out Zuffa's other owners at a valuation of $1.7 billion. In 2016, UFC's parent company, Zuffa, was sold to a group led by Endeavor, then known as William Morris Endeavor (WME–IMG), including Silver Lake Partners, Kohlberg Kravis Roberts and MSD Capital for US$4.025 billion.
In subsequent events, more rigorous rules were created and fighters began adopting effective techniques from more than one discipline, which indirectly helped create a separate style of fighting known as present-day mixed martial arts. The purpose of the early Ultimate Fighting Championship competitions was to identify the most effective martial art in a contest with minimal rules and no weight classes between competitors of different fighting disciplines. The UFC was founded by businessman Art Davie and Brazilian martial artist Rorion Gracie, and the first event was held in 1993 at the McNichols Sports Arena in Denver, Colorado. Under White's stewardship, it has grown into a global multi-billion-dollar enterprise. Dana White has been its president since 2001. As of 2022, it had held over 600 events. It produces events worldwide that showcase 12 weight divisions (eight men's and four women's) and abides by the Unified Rules of Mixed Martial Arts. It is the largest MMA promotion company in the world as of 2011.
It is owned and operated by Zuffa, a wholly owned subsidiary of Endeavor Group Holdings. The Ultimate Fighting Championship ( UFC) is an American mixed martial arts (MMA) promotion company based in Las Vegas, Nevada.
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