You are using an older browser version. Please use a supported version for the best MSN experience.

Asian MMA Organizer One Championship Mulling U.S. SPAC Deal

Bloomberg logoBloomberg 5 days ago Manuel Baigorri, Ambereen Choudhury and Elffie Chew
Mixed martial arts (MMA) fighters Koji Ando, left, and Timofey Nastyukhin contest a lightweight bout at The One: Kings & Conquerors event at the Venetian Macao in Macau, on Saturday, Aug. 5, 2017. One Championship Founder, Chairman and CEO Chatri Sityodtong aims to build the sport in Asia by adhering to the values that made the continent of 4.4 billion people the home of some of the best-known martial-arts stars like Bruce Lee, Jackie Chan and Jet Li. While cricket is huge in South Asia, soccer is the top sport in Southeast Asia, and baseball is popular in Japan, Sityodtong says martial arts is the pastime that unites the continent. © Bloomberg Mixed martial arts (MMA) fighters Koji Ando, left, and Timofey Nastyukhin contest a lightweight bout at The One: Kings & Conquerors event at the Venetian Macao in Macau, on Saturday, Aug. 5, 2017. One Championship Founder, Chairman and CEO Chatri Sityodtong aims to build the sport in Asia by adhering to the values that made the continent of 4.4 billion people the home of some of the best-known martial-arts stars like Bruce Lee, Jackie Chan and Jet Li. While cricket is huge in South Asia, soccer is the top sport in Southeast Asia, and baseball is popular in Japan, Sityodtong says martial arts is the pastime that unites the continent.

(Bloomberg) -- Asian mixed martial arts firm One Championship is considering options including seeking a listing in the U.S. via a merger with a special purpose acquisition company, according to people familiar with the matter.

The Singaporean sports media company has picked Credit Suisse Group AG and Goldman Sachs Group Inc. to help prepare for the potential listing, the people said. The rival to Ultimate Fighting Championship has held preliminary discussions with several SPACs, they said, asking not to be identified because the deliberations aren’t public.

The company, whose valuation is more than $1 billion, could also raise capital via other routes including an initial public offering or seeking funds privately, they said.

Discussions are preliminary and no final decision has been made, the people said. Representatives for Credit Suisse, Goldman Sachs and One Championship declined to comment.

One Championship is backed by investors including Sequoia Capital and Singapore state investment firms Temasek Holdings Pte and GIC Pte, according to its website. Its events span martial arts and combat sports including Muay Thai, kickboxing, karate and Taekwondo and are broadcast in more than 150 countries.

For more articles like this, please visit us at bloomberg.com

©2021 Bloomberg L.P.

image beaconimage beaconimage beacon