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Dana White: 'Ken Shamrock and I spoke and we have squashed our beef'

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And all it took was a simple phone call.

David Manning-USA TODAY Sports

It hasn't been a good week for beef.

Just a few days after Bellator Boss Bjorn Rebney called a truce with 205-pound protester Muhammed Lawal, word comes from TMZ that Ultimate Fighting Championship (UFC) President Dana White has buried the hatchet with Hall-of-Fame foe Ken Shamrock.

But it wasn't all "sunshine and rainbows."

Both Dana and Ken confirm to TMZ Sports ... they spoke on the phone earlier today and hashed out their issues for 45 minutes -- and the end result was a truce.

Dana tells us, "Ken Shamrock and I spoke and we have squashed our beef."

As for Shamrock ... he says the call wasn't all sunshine and rainbows -- they addressed some tough issues -- but in the end, were able to come to an understanding and decided to bury the hatchet.

"It's bigger than us. It's good for the UFC. It's good for the fans."

Hopefully it lasts.

Shamrock came up short in a bid to sue his former employer back in 2010 for not allowing him to complete the second and final fight of his UFC contract. As a result, the courts ordered him to reimburse ZUFFA for $175,000 spent in legal fees, something the "piece of shit" (Dana's words) never paid.

The 50-year-old bodyguard told "lying" White to deduct it from the $60 million generated from his feud with Tito Ortiz.

It has been nearly eight years since "The World's Most Dangerous Man" competed inside the Octagon, a 2006 defeat to Ortiz in "The Final Chapter" on Spike TV. The loss was his fourth in a row and put an end to his UFC career. But that didn't stop him from trying to get back in.

When he couldn't, he rallied the old guard -- including a couple of frenemies -- to "expose the truth" about what really goes on behind the scenes at ZUFFA.

Not that it matters.

Their reconciliation won't have much of an impact on this generation of mixed martial arts (MMA) fans, since Shamrock is no longer a part of the promotion and hasn't been for quite some time, but it will at least give both men one less thing to bitch about in the media.

A small victory, but a victory nonetheless.