Sean “Diddy” Combs has reportedly bought off his massive stake in his media empire Revolt TV amid sexual assault allegations and a federal raid.
The music mogul stepped down from his function as chairman in November however has bought his remaining shares of Revolt to an nameless purchaser, in response to TMZ.
The report notes that the corporate will stay Black-owned however monetary phrases of the deal weren’t disclosed.
Revolt TV’s new proprietor will probably be apparently conserving their id beneath wraps for now however will finally have a proper introduction as the top of the media firm.
The deal, which was reportedly finalized this week, sees Revolt’s present CEO, Detavio Samuels, and chief model officer, Deon Graham, remaining of their roles in the interim.
Us Weekly has reached out to Diddy’s consultant for remark.
The information follows Combs’ Miami and Los Angeles houses being raided by federal brokers on Monday, March 25.
“Homeland Security Investigations New York executed law enforcement actions as part of an ongoing investigation with assistance from HSI Los Angeles, HSI Miami and our local law enforcement partners,” Homeland Safety advised Us Weekly in an announcement shortly after the raids came about. “We will provide further information as it becomes available.”
Diddy’s lawyer has since stated that Homeland Safety Investigation officers used extreme power in an “unprecedented ambush”.
Yesterday, there was a gross overuse of military-level power as search warrants had been executed at Mr. Combs’ residences,” Combs’ Aaron Dyer, advised Us in an announcement on Tuesday, March 26.
“There is no excuse for the excessive show of force and hostility exhibited by authorities or the way his children and employees were treated.”
The raid on Diddy’s houses comes months after his ex-girlfriend Cassie (actual identify Casandra Ventura), whom he dated on and off from 2007 to 2018, accused him of rape and repeated sexual abuse in a lawsuit. In the future after the swimsuit made headlines, the pair introduced that they’d reached a settlement.
Since Cassie’s lawsuit, a number of folks have come ahead additionally accusing Diddy of sexual assault. He has denied all allegations. It’s unclear if there’s a connection between their allegations and the raids on Diddy’s houses.