Sean ‘Diddy’ Combs divests from Revolt, media company he founded

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Until Tuesday’s announcement, Combs remained a significant shareholder in the privately held company.

Sean “Diddy” Combs attends the REVOLT TV First Annual Upfront presentation at Marquee on April 22, 2014 in New York City. But until Tuesday’s announcement, Combs remained a significant shareholder in the privately held company. Following the sale, “our newly projected largest shareholder group are Revolt’s current employees,” the said the company had been approached in recent months by several groups hoping to buy Combs’ shares, but it rejected the bids.

Combs’ music and business empire has crumbled since Ventura filed the lawsuit in November. Both parties agreed to raided Combs’ propertiesSamuels said Revolt had already been looking for a way to reward the company’s employees. “This is something that we’ve been looking to do, waiting to do, believing that the people who give this company their blood, sweat and tears should have some sort of upside opportunity if and when we win,” he told Variety.

His 78-year-old girlfriend dumped him and kicked him out. His response was to steal $1 million from her East Bay home, police say ‘We’re not gonna barbecue our way out of this’: Wild pigs, conquering all Florida counties, are now taking over the U.S.

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Sean 'Diddy' Combs sells off stake in Revolt, media company he founded in 2013Sean 'Diddy' Combs has sold off his stake in Revolt, the media company the rapper and entrepreneur founded over a decade ago.
Source: WashTimes - 🏆 235. / 63 Read more »