The news of the potential sale of the UFC picked up once again earlier this week as it was announced that the sale was “definitely progressing” with no terms being given.

Now, according to Dave Meltzer the bidding for the promotion is going to end above $4 billion and would see a complete transfer of ownership from the Fertitta brothers to the highest bidder.

Details however were not given on UFC President Dana White, who may or may not be staying on board if a potential sale were to go through.

As we reported yesterday, we spoke with a source regarding the situation who informed us that the word on the street is that a deal has been finalized.

Stay tuned for updates as they become available.