Sean Combs Sells Stake in Revolt, the Media Company He Co-Founded

📆 04/06/2024 18:59:00
📰 RollingStone

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Revolt announced Tuesday that Sean Combs had sold his majority stake in Revolt and that the company is now owned by its employees.

Sean"Diddy" Combs attends Sean"Diddy" Combs Fulfills $1 Million Pledge To Howard University At Howard Homecoming – Yardfest at Howard University on October 20, 2023 in Washington, DC. . “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.”

Samuels confirmed to the outlet that the largest shareholder in the company is now its employees, though he did not say how much Combs was paid for his stake.“Today, we are most proud of the transformation that our teams will experience as they shift from being employees to owners of the business they are helping to build,” Samuels said in a separate statement.

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Sean Combs sells stake in Revolt, media company he foundedJanelle Griffith is a national reporter for NBC News focusing on issues of race and policing.
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