Report: Zuffa accepts $4.2B offer for sale of UFC

The UFC is about to be under new ownership.

On Monday, Zuffa, LLC reportedly accepted a bid worth a reported $4.2 billion to sell the UFC, according to Jeremy Botter of FloSports.

While it's not certain who submitted the winning bid, the leading party was allegedly a group composed of William Morris Endeavor-IMG, the Chinese conglomerate Dalian Wanda, The Kraft Group, and Chinese investment company Tencent Holdings Limited.

Majority owners Frank and Lorenzo Fertitta, UFC president Dana White, and other investors are expected to sell 100 percent of their shares, with White being offered future shares to return and oversee the organizational transition.

The Fertitta brothers and White founded Zuffa in 2001 when they purchased the UFC for $2 million from the Semaphore Entertainment Group.