butterknifeninja
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 |  Subject: FTC Closes Investigation of UFC Parent Company Zuffa Wed Feb 01, 2012 8:46 pm | |
| - Quote :
- The Federal Trade Commission has officially closed its ongoing investigation into the business dealings of Ultimate Fighting Championship parent company Zuffa, LLC.
The FTC’s Bureau of Competition began its nonpublic investigation of the company last year following Zuffa’s acquisition of Explosion Entertainment, the parent company of Strikeforce -- then the UFC’s biggest competitor.
According to a letter sent from FTC Secretary Donald S. Clark to Zuffa attorney Stephen Axinn, the FTC conducted the investigation to determine whether the acquisition violated either Section 5 of the Federal Trade Commission Act, which discusses deceptive or unfair business practices, or Section 7 of the Clayton Act, which addresses monopolies.
“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,” Clark wrote. “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.” Source  | |
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DEP
Internet Troll Champion!
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| | Subject: Re: FTC Closes Investigation of UFC Parent Company Zuffa Wed Feb 01, 2012 9:28 pm | |
| - Quote :
- The Commission reserves the right to take such further action as the public interest may require.
Wow. We are done. | |
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Krieger
Title Holder
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| | Subject: Re: FTC Closes Investigation of UFC Parent Company Zuffa Thu Feb 02, 2012 10:41 am | |
| Yea Zuffa is not not guilty but neither are they not innocent.... however the commission reserves the right to open the investigation again in case the finding of not not guilty or maybe not innocent ... may be not incorrect but some degree of not .. uh ... wrong?  | |
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stock
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| | Subject: Re: FTC Closes Investigation of UFC Parent Company Zuffa Thu Feb 02, 2012 1:14 pm | |
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lambhimself
Pro Fighter
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| | Subject: Re: FTC Closes Investigation of UFC Parent Company Zuffa Thu Feb 02, 2012 3:45 pm | |
| Glad they could clear that up for everyone.  | |
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