Mark Cuban's HDNet has sealed the deal. The network purchased the remaining assets of the defunct International Fight League at a bargain price of $650,000. As MMAjunkie reports, a bankruptcy court gave HDNet the "okay" to go ahead with the transaction, which included the league's video and image library, as well as some of the promotion's liabilities.
HDNet made its bid in September, and no other bids were submitted.
In addition to the media library, HDNet also receives IFL's brand name and other intellectual property.
When contacted by MMAjunkie.com in September, HDNet declined to comment on the potential acquisition. However, it's believed the purchase is aimed at acquiring additional MMA content, which the cable network can use under its HDNet Fights banner.
After forming in January 2006, the IFL shuttered its doors this past July. The promotion introduced a team format to MMA and had plans to build a hexagonal cage. However, funds ran dry and the unique cage, as well as planned events, never came to fruition.
- HDNet purchases IFL assets, including media library, for $650,000 (MMAjunkie)