The book has been shut on the Federal Trade Commission’s investigation on Zuffa owning a monopoly in MMA, and the resolution is that they the parent company of the UFC has done nothing wrong.
According to a document on the FTC website addressed to antitrust lawyer, Craig Waldman, the FTC wrote the following:
The Federal Trade Commission’s Bureau of Competition has been conducting a nonpublic investigation to determine whether Zuffa, LLC’s acquisition of Explosion Entertainment, LLC may violate Section 7 of the Clayton Act or Section 5 of the Federal Trade Commission Act.
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. 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.
In other words, the UFC has done nothing wrong with their purchases of various other companies, and the government will look into it no further since they have not broken any laws. Did the FTC make the right decision, or do you think they dropped the ball on this one? Leave your reactions in the comments section.