| Singapore’s state investment firm Temasek Holdings Pte Ltd is leading a round of investors in an Asian mixed martial arts startup. Heliconia Capital Management Pte. Ltd., an arm of Temasek that invests in Singapore-based small- and medium-size businesses, is heading a consortium pumping tens of millions of dollars into local mixed martial arts promoter ONE Championship, ONE’s founder and chairman Chatri Sityodtong said in an interview.
Details of the deal are expected to be announced Wednesday. ONE Championship is seeking to tap the sport’s growing popularity in Asia, and the deal comes on the heels of Ultimate Fighting Championship’s sale to a group led by U.S.-based talent agency WME-IMG for around $4 billion, highlighting the appeal of what has quickly become a mainstream entertainment event...............................................Full Article: Source
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