The following is an excerpt from Dave Meltzer's news update today at WrestlingObserver.com:
Nobuyuki Sakakibara yesterday told several members of the U.S. Pride staff that the company is in the proces of being sold to Lorenzo & Frank Fertitta. He said the agreement in principal is done but there are still some minor points to be worked out and the contract is not signed. Sakakibara said he would be leaving the company but that everyone would be keeping their jobs. The company would be operated separately from UFC, but obviously UFC could use any Pride fighter for a big match that it needed.
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