HDNET purchased IFL assets for $650k

they purchased their assets including the media library for 650k.. i would think they got a pretty good deal

HDNet reaches deal to purchase IFL assets for $650,000 (Updated)
by Steve Sievert on Oct 30, 2008 at 3:28 pm ET

A bankruptcy court has cleared the way for HDNet to purchase the remaining assets of the International Fight League.

During a hearing Wednesday, the U.S. Bankruptcy Court for the Southern District of New York authorized the now-defunct IFL to sell the assets, which include the league's video and image library, to HDNet for $650,000 and the assumption of certain IFL liabilities.

HDNet made its bid in September, and no other bids were submitted. The deal is still contingent on certain closing conditions.

In addition to the media library, HDNet also receives IFL's brand name and other intellectual property.

Head over to MMA Junkie to read the rest of the article...


How many of you thought PRIDE was overpriced?

What does this mean with them buying up all that?