Strikeforce completes ProElite purchase

Strikeforce has finalized its asset purchase of ProElite, the company that handles EliteXC and King of the Cage events. According to SI, ProElite's deal with Strikeforce includes the following elements

With Strikeforce:

- Strikeforce and ProElite agree to a limited asset purchase, including some fighter contracts and options for additional fighter contracts

- Strikeforce obtains library footage for EliteXC events

- Strikeforce obtains licensing of the ShoXC brand name

With CBS:

- Paid off debt to CBS/Showtime

- Showtime remains a partner with ProElite, same ownership stake

It's nice to see smaller MMA organizations merge. All they need now is to combine with Affliction and they might be able to give the UFC some much needed industry competition. Or maybe they'd like to buy out my organization. It's called Kitty Fight Xtreme. Basically I put two kitties in a cardboard box and let them paw at each other for ten minutes. Ticket sales have been slow, but I really expect things to pick up this year.