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Diddy has offered his shares of Revolt TV, and now, the thriller purchaser of the community has reportedly been revealed.
In accordance with Page Six, Essence Journal proprietor — and founding father of Shea Moisture merchandise — Richelieu Dennis has bought the shares from the embattled Dangerous Boy mogul as of Thursday (March 28).
Particulars of the sale haven’t but been made public, and Dennis is claimed to be making the official announcement within the coming weeks.
“The deal is already accomplished, and they’re on the point of announce it within the upcoming days,” a supply near the state of affairs instructed the outlet. “However in fact, now with the raid and all the pieces else occurring, it can seem as if he’s buying after the actual fact.”
The supply continued: “It was vital [to] Sean to get a purchaser that was African American as a result of he needs to maintain the legacy of getting a Black-owned enterprise. He began it off that manner and he needs it to proceed on that path.”
Earlier this week, TMZ reported that Diddy’s stake in the company was bought by a “completely new” person, that means that the embattled Dangerous Boy mogul has no additional ties to the corporate he based in 2013.
HipHopDX has reached out to Diddy’s reps for touch upon the matter.
A year ago, Revolt made headlines when Ma$e snarked on his shut good friend and collaborator Cam’ron after he hinted at going into enterprise with Diddy.
50 Cent Offers To Buy Revolt After Diddy Temporarily Steps Down As Chairman
The Dipset rapper and Dangerous Boy mogul frolicked collectively in Miami, and each shared a photograph of their seemingly good-natured encounter on Instagram, which confirmed them sharing amusing in entrance of a Bentley.
This, nevertheless, was lengthy earlier than the three sexual assault lawsuits which have been filed towards the Dangerous Boy boss — one in all which, from his ex-girlfriend Cassie, has since been settled.
Consequently, in November 2023, TMZ reported that Diddy had briefly stepped down because the chairman of Revolt.
