Sean “Diddy” Combs has reportedly agreed to a deal to promote his stake in Revolt TV after stepping down from his function as chairman in November amid sexual assault allegations.
In keeping with TMZ, Combs offered his remaining shares of Revolt to an nameless purchaser. The report notes that the corporate will stay Black-owned. Monetary phrases of the deal weren’t disclosed.
Revolt TV’s new proprietor is reported to be maintaining their identification hidden for the subsequent few weeks however will finally have a proper introduction as the top of the media firm at a later date.
The deal was reportedly finalized this week; Revolt’s present CEO, Detavio Samuels, and chief model officer, Deon Graham, will stay of their roles in the interim.
The information broke as Combs’ Miami and Los Angeles houses had been reportedly raided by federal brokers on Monday (March 25). The raids had been executed by Homeland Safety “in connection” with an ongoing federal intercourse trafficking investigation, in accordance with reviews.
TMZ reported on Monday that Homeland Safety of New York launched an ongoing investigation linked to Combs and that the case is being dealt with out of the Southern District of New York.
With officers swarming the Los Angeles property, video footage appeared to point out people being detained, two of whom gave the impression to be Diddy’s sons, King Combs and Justin Combs. It’s unknown whether or not the elder Combs was at both dwelling in the course of the raids.
Combs has been the topic of quite a few sexual assault-related civil lawsuits over the previous a number of months. Ex-girlfriend Cassie lit the fuse in November 2023 when she filed a lawsuit accusing Combs of bodily abuse and repeated sexual assault whereas they had been courting. The 2 events agreed to settle the lawsuit lower than 24 hours later.
Later in November, after being accused of sexual abuse by two extra ladies, Combs stepped down as chairman of Revolt, which he helped launch in 2013. Within the months since, he has been accused of sexual assault in two extra lawsuits: one filed by a Jane Doe who claimed he “intercourse trafficked” and “gang raped” her and one other by a music producer who allegedly labored with Combs on his 2023 album, The Love Album: Off the Grid.
The Dangerous Boy CEO has denied any wrongdoing and tried to clear his title with a put up on social media in December.
“ENOUGH IS ENOUGH,” Combs wrote on the time. “For the final couple of weeks, I’ve sat silently and watched individuals attempt to assassinate my character, destroy my status and my legacy. Sickening allegations have been made towards me by people on the lookout for a fast payday. Let me be completely clear: I didn’t do any of the terrible issues being alleged. I’ll battle for my title, my household and for the reality.”
Billboard has reached out to representatives for Combs for touch upon this story.
