News Formal

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

  • 📰 RollingStone
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 483. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »