In a press release today the UFC officially confirmed that their parent company Zuffa had purchased their rival promotion Strikeforce.

In the press release UFC President Dana White, UFC Chariman Lorenzo Fertitta and Strikeforce CEO Scott Coker each gave their thoughts on one of the most significant deals in mixed martial art’s history.

Dana White:

“We have worked hard to make mixed martial arts the fastest growing sport in the world,” White declared. “We’ve spent countless hours getting this sport regulated and taking the Octagon® all over the world. Acquiring the Strikeforce assets allows us to continue to develop this sport into a global force.”

Lorenzo Fertitta:

“We intend to operate Strikeforce as a separate business much like we did with the WEC for many years,” Ferttita said. “We look forward to working with Scott Coker, and the entire Strikeforce and Showtime teams to continue to provide quality content for mixed martial arts fans.

“We’ve long admired Scott Coker and the Strikeforce business he launched and developed,” Fertitta continued. “We feel that together with Scott, we can continue to build both Strikeforce and the UFC.”

Scott Coker:

“This is an important day for the sport of mixed martial arts,” Scott Coker noted. “We are excited to work with Lorenzo Fertitta, Frank Fertitta, Dana White and everyone at the UFC on the quest to make MMA the biggest sport in the world. Fans can continue to expect quality Strikeforce shows and we look forward to giving our athletes an even broader platform on which to perform.”

The press release also confirmed that Scott Coker has signed a long-term deal that will leave him as the head of the Strikeforce promotion, which will continue to run as a separate entity from the UFC.

All existing fighter contracts and TV deals will also continue to be honored.