twitter google

Showtime In Talks To Purchase ProElite

EliteXC LogoShowtime, a subscription television brand owned by CBS, has entered talks to purchase ProElite Inc., the parent company of mixed martial arts promotion EliteXC, according to Sherdog:

Showtime Networks filed public notice with the U.S. Securities and Exchange Commission Thursday announcing its intention to enter preliminary negotiations for the purchase of Pro Elite Inc.

Showtime, a subsidiary of the parent conglomerate CBS Corporation, already enjoys broadcasting deals with the Los Angeles-based company on both its premium cable channel and CBS. Showtime also has a 20% ownership stake in Pro Elite.

The news of a potential sale surfaces just weeks before EliteXC’s October 4th event on CBS, “Heat”, which features EliteXC stars Kimbo Slice and Gina Carano, an event that could determine the promotion’s future.


Follow MMAFrenzy