Sean Combs, the hip-hop mogul who is facing mounting sexual assault allegations, has sold his majority stake in Revolt, the company announced Tuesday. “Shares held by the company’s former chair, Sean ‘Diddy’ Combs, have been fully redeemed and retired,” Revolt said in a statement. Revolt said the company will remain Black-owned and operated.
The two began dating in 2005, when she was 19 and he was 37. She also alleged that he raped her when she tried to leave him. One day after she filed her lawsuit, they settled on undisclosed terms. Combs’ lawyer said at the time that the settlement “is in no way an admission of wrongdoing.” Combs stepped down as chairman of Revolt that same month amid multiple sexual assault allegations. He has denied any wrongdoing.