The much-anticipated fight, pitting junior welterweight champ Hatton and pound-for-pound king Pacquiao, is signed, sealed and delivered, promoters Top Rank and Golden Boy announced Wednesday.

They'll fight May 2 at the MGM Grand in Las Vegas. The fight will be on pay-per-view, but the promoters have not decided whether they will accept an offer from HBO or rival Showtime to produce and distribute the pay-per-view telecast. If they accept the Showtime offer, sister network CBS will have some involvement in the marketing and promotion of the bout, according to Top Rank's Bob Arum.

Top Rank and Golden Boy thought they had a deal for the fight weeks ago until Pacquiao insisted on a better percentage of the revenue. After back and forth, Pacquiao missed a deadline to sign and the fight was called off. That resulted in a frenetic few days spent trying to revive the deal.

In the end, they worked it out last week with Pacquiao due to receive 52 percent to Hatton's 48 percent, according to Arum.