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Diddy Sells Stake In Revolt, The Black Media Company He Co-Founded

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Sean Combs News

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Taiyler S. Mitchell is a reporter on the breaking news desk at HuffPost with beats that include culture, social issues, and criminal justice. An alumna of Dillard University, Taiyler has bylines at Business Insider and has been featured by NBCLX and SFGate.

Now that Combs has given over his stake, the company’s largest shareholders are currently the employees, according to a“As the company continues to pioneer a new era of entertainment that empowers creators and establishes a new media model, this transformative structure ensures that the employees who are driving the company’s growth also have the opportunity to benefit from its success,” the statement said.

“He is no longer chairman. He is no longer on the board. He has no shares, no equity in Revolt. We have completely separated and dissociated from each other,” Revolt CEO Detavio Samuels told the Times., sparked first by his ex, singer and model Cassie Ventura. Ventura accused him of rape, domestic violence and more on Nov. 16, but the lawsuit was quickly settled the next day.

 

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Sean 'Diddy' Combs sells majority stake in Revolt, the media company he foundedSean 'Diddy' Combs has sold a majority stake in Revolt, the media company and television network he founded in 2013, according to the company.
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