Diddy Sells Off All His Revolt TV Shares to Anonymous Buyer Amidst Home Raids
- US Hip-Hop star Sean ‘Diddy’ Combs has reportedly relinquished all his shares in Revolt TV, which he co-founded in 2013
- The anonymous buyer and the financial details of the deal have not been disclosed, although the company is still black-owned
- The sale comes a day after heavily armed federal agents raided Diddy’s properties in connection with an ongoing trafficking case
US rapper Sean ‘Diddy’ Combs has sold all his shares in Revolt TV, a company he started in 2013.
Diddy (left) sold his entire stake in Revolt TV to an anonymous buyer. Photo: Amy Sussman/ Getty Images, JHD Group.Source: UGC
This comes months after the mogul stepped down as the company’s chairman.
Diddy sells Revolt TV
TMZ reports that Diddy sold Revolt to an interested buyer who preferred to remain anonymous.
However, the company assured the public that it was still black-owned, aligning with its original plan to promote and further black culture.
The deal’s financial details remain unknown, but TMZ reports that both parties are happy with the terms.
Although Revolt’s new owner keeps their identity hidden, they plan to introduce themselves formally in the next few weeks.
The company’s CEO, Detavio Samuels, and chief brand officer, Deon Graham, will remain in their current positions.
Police storm Diddy’s properties
The sale takes place a day after law enforcement raided Diddy’s Miami and Los Angeles homes amidst an ongoing trafficking investigation.
Aerial footage showed heavily armed federal agents wearing Homeland Security vests gathered in Diddy’s backyard.
Armoured tracks were also present, and officers could be seen entering and exiting Diddy’s homes hours after the search began.
Two men, who were later identified as Diddy’s sons, King Combs and Justin Combs, were detained outside the mansions during the raid.
However, the mogul’s sons were released without charges after the search, which was in line with standard procedure.
Diddy sued for assault, trafficking
Besides the sale and the raid, Diddy’s life has recently been marred with controversy, as he faces multiple sexual assault, abuse, and trafficking lawsuits.
Several people, including his ex-girlfriend Cassie Ventura, accused the billionaire of assault and trafficking.
One of his former male employers also sued him, citing abuse and assault.
The anonymous employee claimed Diddy unsolicitedly groped and touched him.
Since then, the rapper has been accused of similar assault charges in two additional lawsuits, one by an anonymous lady who said he trafficked her and another by a music producer who worked with Diddy on his 2023 album, The Love Album: Off the Grid.
Source: TUKO.co.ke
