The Professional Fighters League has purchased rival MMA company Bellator WFTV [Video]

The Professional Fighters League has purchased rival MMA company Bellator from Paramount Global in its boldest attempt yet to make a dent in the industry leader, the UFC.

PFL did not disclose financial terms in Monday’s announcement.

“This really makes PFL now a global powerhouse and poised to become a co-leader,” in MMA, PFL Chairman Donn Davis told The Associated Press. “The first five years of the company, our mission was to be the No. 2 company in MMA and we achieved that. We now set a new goal. How do we become the co-leader?”

The deal was aided in part by Saudi Arabia’s recent purchase into PFL. The purchase was relatively modest — $100 million according to the Financial Times — but even in a minority role, Saudi-backed SRJ Sports Investments ensured mixed-martial arts events will take place in that country.

“Their vision is the same as our vision, to become a co-leader in MMA,” Davis said. “Their economic and financial support is helpful for us to be able to …