
On March 15, 2008, in a rematch against Juan Manuel Márquez called "Unfinished Business", Pacquiao won via a disputed split decision in a close, hard fought battle in which Pacquiao knocked Marquez down in round 3. Pacquiao won the WBC and The Ring super featherweight belts, making him the first Filipino to win three world titles in three different weight divisions (Pacquiao was a former WBC flyweight champion and former IBF super bantamweight champion).
During the postfight interview, Marquez’s camp called for an immediate rematch. Richard Schaefer, GBP CEO, offered a $6-million guarantee to Pacquiao for a rematch. Pacquiao's promoter, Bob Arum, still stinging from the less-than-stellar revenue from Kelly Pavlik’s immediate rematch with Jermain Taylor, said the fight will probably happen but only after there is time to “put a little air under it.” Pacquiao, for his part, said "I don't think so, this business is over" because he planned to move to lightweight (135 lbs) to challenge David Díaz, the reigning WBC lightweight champion at that time. Diaz won the majority decision over Ramon Montano that night as an undercard of the "Unfinished Business" fight.

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