Diddy has reportedly sold off all his shares of Revolt, the company he founded, to an anonymous bidder.
That’s the claim being made by TMZ as of Tuesday (March 26). The outlet reports that Diddy’s stake in the company was bought by a “completely new” person, meaning that the embattled Bad Boy mogul has no further ties to the company he founded in 2013.
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The outlet further confirms that the company is still “Black-owned,” but that the details about the new buyer have not yet been released.
The owner will, however, be making a “formal introduction,” per the outlet, in the coming weeks.
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HipHopDX has reached out to Diddy’s reps for comment on the matter.
A year ago, Revolt made headlines when Ma$e snarked on his close friend and collaborator Cam’ron after he hinted at going into business with Diddy.
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The Dipset rapper and Bad Boy mogul hung out together in Miami, and both shared a photo of their seemingly good-natured encounter on Instagram, which showed them sharing a laugh in front of a Bentley.
While Puff declared the duo “HARLEM’S FINEST‼️,” Killa Cam hinted at bringing his sports talk show It Is What It Is to Diddy’s Revolt media network. Cam also joked that his co-host Ma$e “gave him permission” to meet his former label boss.
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“@rsvpmase gave me permission go. Revolt sports X @itiswhatitis_talk??????????” Cam’ron wrote in his caption along with a series of thinking face emojis. “@diddy [black heart emojis].”
Ma$e, who has been at odds with Diddy over the years due to a financial dispute dating back to his days as a Bad Boy artist, took to the comments section to send a prayer for his Children of the Corn cohort.
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“God pls tell @diddy bring the briefcase [briefcase emoji] cause I can’t swap this out for publishing @mr_camron [crying face emojis] [fire emoji] #ThrowInTheTowel #NoLol,” the Harlem World hitmaker joked.
Comedian Jay Pharoah also issued a warning to Cam’ron, writing: “Don’t drink the ciroc bruh.”
It was also reported the Bad Boy boss was “exploring the opportunity” to purchase a majority stake of BET.
As he wrote on Twitter, Diddy is aiming to make the network “Black-owned again so we have the power to tell our own stories, control our own narrative!”
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This, however, was long before the three sexual assault lawsuits that have been filed against the Bad Boy boss — one of which, from his ex-girlfriend Cassie, has since been settled.
As a result, in November 2023, TMZ reported that Diddy had temporarily stepped down as the chairman of Revolt.
