Diddy is no longer associated with Revolt TV, the culture and music-focused television network he founded in 2013. He is completely done and as TMZ claimed from their report, the network is under new ownership.
Now get this: sources in the know about the purported deal say the embattled mogul sold off all his shares to a mystery buyer for a sum that has not been disclosed. Now the word is the company in itself “remains Black-owned,” which is supposed to be aligned with, as TMZ puts it, upholding “its original connection and dedication to furthering the culture.”
It’s still hazy as to what Revolt was let go for regarding the sale, but one thing is clear: the new owner is keeping a low profile for now, and for good reason. There’s a lot of heat around the Sean Combs, with Monday’s raids by the feds, so now may not be the best time to announce a business deal of that magnitude for one of Diddy’s brands. Now, sources say that the owners or owners share a passion for Black culture, which is a broad statement, but they intend to introduce themselves formally in the coming weeks.
DIDDY SELLS ALL SHARES OF REVOLT TV TO MYSTERY BUYER
by Editor's Pick
Mar 28
Diddy is no longer associated with Revolt TV, the culture and music-focused television network he founded in 2013. He is completely done and as TMZ claimed from their report, the network is under new ownership.
Now get this: sources in the know about the purported deal say the embattled mogul sold off all his shares to a mystery buyer for a sum that has not been disclosed. Now the word is the company in itself “remains Black-owned,” which is supposed to be aligned with, as TMZ puts it, upholding “its original connection and dedication to furthering the culture.”
It’s still hazy as to what Revolt was let go for regarding the sale, but one thing is clear: the new owner is keeping a low profile for now, and for good reason. There’s a lot of heat around the Sean Combs, with Monday’s raids by the feds, so now may not be the best time to announce a business deal of that magnitude for one of Diddy’s brands. Now, sources say that the owners or owners share a passion for Black culture, which is a broad statement, but they intend to introduce themselves formally in the coming weeks.
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