Diddy’s shares of Revolt TV have been reportedly scooped up by an nameless purchaser.
Unknown Purchaser Reportedly Purchases All of Diddy’s Shares of Revolt TV Community
In keeping with a report revealed by TMZ on Tuesday (March 26), each final share of the Revolt TV that Diddy owned has been bought. The favored celeb gossip website’s sources declare Diddy bought the community’s shares for an undisclosed quantity to a purchaser who at the moment needs to stay nameless. The one data supplied on the individual or individuals who’ve bought Diddy’s stake within the firm is that they’ve a “deep ardour for Black tradition” and that they are going to make a public announcement relating to the acquisition within the coming weeks.
XXL has reached out to each Diddy and Revolt TV to substantiate the acquisition and to offer an official assertion.
Diddy Steps Down From Revolt TV’s Govt Board
Diddy formally stepped down from his function as chairman of Revolt TV this previous November, precisely 10 years after he cofounded the corporate in 2013. Puff eliminated himself from the community’s govt board following the litany of lawsuits that have been filed in opposition to him earlier that very same month, all of which have been full of sexual assault allegations.
Learn Extra: Right here Are All of the Authorized Points Diddy’s Dealing With Proper Now
50 Cent Exhibits Curiosity in Shopping for Revolt TV
Whereas the entity that bought Diddy’s shares of Revolt stays nameless right now, 50 Cent adamantly expressed his curiosity in shopping for the TV community final fall. In November of 2023, Fif instantly threw his hat within the ring following the information that the Harlem hip-hop exec was now not a part of the corporate’s operations.
Learn Extra: 50 Cent Thinks ‘Diddy Carried out’ After Properties Are Raided by Homeland Safety
The timing of Diddy promoting off his shares of Revolt TV is definitely attention-grabbing given the truth that the information breaks simply in the future after his houses in Los Angeles and Miami have been raided by federal brokers.
