UFC's Parent Company Withdraws from $400 Million Deal with Saudi Arabia

In the wake of reports that Saudi Arabia allegedly murdered and dismembered a dissident journalist in the Saudi consulate in Turkey, the UFC’s parent company, Endeavor, has announced its decision to pull out of a $400 million deal with the kingdom.

The news was first reported by The Hollywood Reporter, which revealed that the talent agency had withdrawn from a deal that would have seen a Saudi sovereign wealth fund invest hundreds of millions into the company. The wealth fund, which was founded by the monarchy to help invest in entertainment projects, was expected to take a 5-10% stake in Endeavor.

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