twitter google

Did CBS increase its investment in ProElite?

I can’t tell you whether the television deal between CBS and EliteXC that broke today is a done deal or not.

What I can tell you is that it appears CBS recently increased its ownership stake in ProElite, according to SEC filing information on ProElite’s corporate web site.

CLICK HERE to see the online document.

It’s all public record. The filing was made on February 25, 2008. The description of the document reads: “Statement of changes in beneficial ownership of securities.”

I think the term “beneficial ownership” could be an understatement.

Unless I am reading the documents incorrectly, it looks like ProElite just received a major infusion of additional funding.

If a deal between CBS and EliteXC is real, it looks like the partners could be attached to the hip and that EliteXC will enter the deal with additional ammunition.

Follow 5OZ