As a disclaimer to this story, the M-1 Global website was hacked earlier this week and reported that Fedor had signed to fight Brock Lesnar in the UFC. So it could be true, or it could just be another hack, but the report is that Russian heavyweight legend Fedor Emelianenko has severed his relationship with M-1 Global:
Fedor Emelianenko the long time representative and ambassador from Russia has recently disbanded from MMA pioneers M-1 global. Fedor signed with M-1 global in 1998 and owns a 15% stake in ownership.
On multiple occasions, negotiations between the UFC and M-1 to bring Fedor to the UFC have failed, with the major sticking point being that M-1 wanted co-promotion. Does this now open the door to Fedor coming to the UFC? Probably not, but anything is possible.