Lots of speculation running about how much KOTC was actually worth. Because ProElite is a publically traded company, we can simply look at the SEC filing and see it was worth 4 million in cash plus stock. I wonder how much Zuffa paid for the WEC?:

http://biz.yahoo.com/e/070917/pele.pk8-k.html

Pursuant to an agreement dated September 12, 2007 (the "Purchase Agreement") among King of the Cage, Inc. ("KOTC"), Terry Trebilcock ("Trebilcock") and Juliemae Trebilcock, the shareholders of KOTC (the "Sellers"), and ProElite, Inc. (the "Company"), the Sellers agreed to sell to the Company all of the share capital (the "Shares") of KOTC. The consideration for the Shares is the payment to the Sellers of $3,250,000 cash at closing; 178,571 restricted shares of the Company's Common Stock (the "PE Shares") to be delivered on January 2, 2008 to the Sellers and/or their designees; and $500,000 in cash to be paid sixty days from closing subject to any offset for any indemnity claims by the Company. Additionally, the Company has agreed to make Contingent Payments (the "Contingent Payments") over a five-year period of up to an additional $5,000,000 (payable in part in cash and in part in shares of the Company's Common Stock, as provided in the Purchase Agreement) in accordance with a schedule based on the number of events produced under the supervision of Trebilcock under the KOTC name and earnings before interest, taxes, depreciation and amortization ("EBITDA") for KOTC's operations during such period.